{"id":16984,"date":"2024-09-16T10:09:56","date_gmt":"2024-09-16T07:09:56","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-set-to-surge-to-150000-expert-predicts\/"},"modified":"2024-09-16T10:09:56","modified_gmt":"2024-09-16T07:09:56","slug":"bitcoin-set-to-surge-to-150000-expert-predicts","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-set-to-surge-to-150000-expert-predicts\/","title":{"rendered":"Bitcoin Set to Surge to $150,000, Expert Predicts"},"content":{"rendered":"<p>Bitcoin has shown signs of a potential &#8220;explosive movement&#8221; into the $100,000-$150,000 range by the first quarter of 2025, according to investor and Okse co-founder known as Elja.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> massive cup and handle pattern ? <\/p>\n<p>You&#8217;re not bullish enough ?<a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> <a href=\"https:\/\/t.co\/cyPcbMcpdr\">pic.twitter.com\/cyPcbMcpdr<\/a><\/p>\n<p>\u2014 Elja (@Eljaboom) <a href=\"https:\/\/twitter.com\/Eljaboom\/status\/1834893864529760759?ref_src=twsrc%5Etfw\">September 14, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The analyst identified a &#8220;cup and handle&#8221; pattern\u2014characterized by a rounded bottom (the cup) followed by a consolidation phase (the handle). This formation suggests a period of sideways movement in a narrow range, often preceding a significant bullish breakout.<\/p>\n<p>The cup began forming after the peak at the end of 2021, with the handle appearing after a price pullback from resistance at $65,000-$69,000. The model is confirmed after breaking through the latter, implying a subsequent rise equal to the maximum distance between the neckline and the lowest point of the cup.<\/p>\n<p>An analyst known as Nestay highlighted the most &#8220;explosive&#8221; combination of technical indicators in cryptocurrencies over the past eight years, including Bollinger Bands, RSI, Stochastic RSI, and the Crypto Fear &#038; Greed Index.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">8 years in crypto but i don&#8217;t think i&#8217;ve ever seen a setup this explosive.<a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> is a ticking time bomb. <a href=\"https:\/\/t.co\/XnJWhf1cjf\">pic.twitter.com\/XnJWhf1cjf<\/a><\/p>\n<p>\u2014 nestay (@nestayxbt) <a href=\"https:\/\/twitter.com\/nestayxbt\/status\/1835000707927171482?ref_src=twsrc%5Etfw\">September 14, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;Bitcoin is a ticking time bomb,&#8221;<\/em> the expert commented.<\/p>\n<\/blockquote>\n<p>Earlier, ARK Invest identified $52,000 and $46,000 as the most critical support levels for the leading cryptocurrency.<\/p>\n<p>Standard Chartered concluded that Bitcoin could set a new record by the end of the year, regardless of the outcome of the US presidential elections.<\/p>\n<p>Bitwise stated that in October-November, the digital asset market will shift to growth due to the end of macroeconomic and political uncertainty in the US.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin has shown signs of a potential &#8220;explosive movement&#8221; into the $100,000-$150,000 range by the first quarter of 2025, according to investor and Okse co-founder known as Elja. $BTC massive cup and handle pattern ? You&#8217;re not bullish enough ?#Bitcoin pic.twitter.com\/cyPcbMcpdr \u2014 Elja (@Eljaboom) September 14, 2024 The analyst identified a &#8220;cup and handle&#8221; pattern\u2014characterized [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16983,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1146,1253],"class_list":["post-16984","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-market-forecasts","tag-technical-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=16984"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16984\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/16983"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=16984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=16984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=16984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}