Bitcoin sign (Photo: Freepik, errNA) Current Bitcoin forecast: Finally bullish?” width=”400″ height=”267″ srcset=”https://www.ftd.de/wp-content/uploads/Illustration-einer-fliegenden-Rakete-mit-dem-Bitcoin-Zeichen-Foto-Freepik-errNA-Bitcoin-Prognose-aktuell-Endlich-bullish-300×200.jpg 300w, https://www.ftd.de/wp-content/uploads/Illustration-einer-fliegenden-Rakete-mit-dem-Bitcoin-Zeichen-Foto-Freepik-errNA-Bitcoin-Prognose-aktuell-Endlich-bullish-1024×683.jpg 1024w, https://www.ftd.de/wp-content/uploads/Illustration-einer-fliegenden-Rakete-mit-dem-Bitcoin-Zeichen-Foto-Freepik-errNA-Bitcoin-Prognose-aktuell-Endlich-bullish-768×512.jpg 768w, https://www.ftd.de/wp-content/uploads/Illustration-einer-fliegenden-Rakete-mit-dem-Bitcoin-Zeichen-Foto-Freepik-errNA-Bitcoin-Prognose-aktuell-Endlich-bullish.jpg 1500w” sizes=”(max-width: 400px) 100vw, 400px”/>
Analyst: “The all-time high for Bitcoin is close.” (Photo: Freepik, errNA)
It took him several attempts, but now Bitcoin (BTC) is close to its all-time high – and can no longer be shaken off so easily. Will Q4 remain bullish? Meanwhile, top expert PlanB is sticking firmly to his forecast – and predicts 6-digit prices for Bitcoin.
Bitcoin: Now there is pressure in the cauldron
Plus 11.66 percent within the last 7 days, plus a relentless attack on the resistance at $68,000: Bitcoin is pushing upwards, wants to reach an all-time high. The number 1 cryptocurrency by market capitalization has not been able to demonstrate such strength for a long time. The asset faced a correction in the middle of the week – but BTC was able to compensate for the setback within a very short time and set a higher high in the subsequent recovery.
Or, to put it another way: The cyber motto is increasing with vigor and also has a certain tailwind for this. Currently: the European Central Bank’s interest rate cuts by 25 basis points to 3.25 percent. They have a positive influence on Bitcoin for various reasons: For example, interest rate cuts often signal a loose monetary policy – and this in turn strengthens investors’ confidence in risky investments such as cryptocurrencies.
Top analyst and professional crypto trader Michael van de Poppe also sees beneficial effects. In a forecast he writes to his more than 724,000 followers on “The all-time high for Bitcoin is near.”
Memecoin mania in the crypto markets
However, only memecoins are currently exhibiting truly explosive behavior: many investors are investing in the highly volatile joke currencies, thus causing dramatic upward movements. Leading the way in terms of performance for days: Memecoin Klaus (KLAUS) with a weekly increase of an incredible 453.45 percent. The larger memecoins in the crypto top 100 are also experiencing strong inflows and are among the assets with the highest percentage profits. The most valuable, for example, Dogecoin (DOGE), pleased investors with a plus of 9.61 percent within the last 24 hours, followed by Popcat (SOL) (POPCAT) with a plus of 8.13 percent and cat in a dogs world (MEW) with a plus of 6 .61 percent.
For comparison: Ethereum (ETH) was only able to gain 0.33 percent in the same period, Solana (SOL) does not look any better at plus 0.28 percent (data from Coinmarketcap.com). In short: Bitcoin and memecoins dominate the markets, and forecasts point to the prospect of new record prices across the board. But is this really true – has it happened yet? What development is possible according to the charts, what does the technical analysis say?
Bitcoin: Forecast recognizes critical price area
The pseudonymous chart specialist “Rekt Capital” took a look at this – and came to a not-so-optimistic conclusion. He writes in the forecast: Bitcoin now needs to reach a daily close above $68,000 to rule out the potential relapse into the old trading range. The BTC price is currently trading at $67,800 after an increase of 0.83 percent since yesterday, so it could test the resistance again in the next few hours.
After that it goes up rapidly, adds Bitcoin guru “PlanB”. The cryptocurrency is moving “like clockwork” towards new highs, the expert told his almost 2 million followers on X. He is therefore sticking to his forecast. That is: Bitcoin will reach a market capitalization of $10 trillion – increasing to $500,000 in the next 3 to 4 years.
Disclaimer:
The author and/or associated persons or companies own cryptocoins, including Bitcoins. This article represents an expression of opinion and not investment advice.
