New $76,460 BTC ATH Confirms Bitcoin’s Entry Into Price Discovery Phase, Analyst Confirms Super Cycle Start

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Bitcoin-4

  • Bitcoin sets another new ATH in less than 24 hours. 
  • Analyst believes green pumps every day are highly likely as the super cycle begins. 
  • $100,000 BTC ATH price by the end of 2024 grows closer.

Bitcoin (BTC) has comfortably entered the price discovery phase as it set a new ATH at $76,460 less than 24 hours from setting its previous ATH at $75,011. This bullish reaction is likely from Trump’s victory in the US Presidential campaign. Trump is a pro-crypto candidate and BTC set a new ATH during the election and a greater ATH shortly after his victory. 

As the year continues into Q4, bullish expectations continue to grow and market sentiment improves. Top Bitcoin and crypto analysts expect the bull market to have begun and to see bullish green signals and exceptionally parabolic pumps for BTC and altcoins on a nearly daily basis. This brings many traders back to the glory days of 2020. 

Crypto Market Enters Super Cycle Phase

https://twitter.com/DrProfitCrypto/status/1854240648884310353

One such example is the latest post from the silver-tongued analyst, Doctor Profit, known for his many accurate predictions so far. As we can see from the post above, Doctor Profit says that the coming weeks will offer between $10,000 – $20,000 increases on the daily charts and confirms that the super cycle has commenced. 

https://twitter.com/DrProfitCrypto/status/1854139713340236173

He says this breakout confirms the start of something much bigger for Bitcoin (BTC) and ultimately the entire crypto market. He then addresses the previous nine months of consolidation and sideway movement and commends those who had the gall to accumulate and hold amidst the many dips in the cycle so far. 

To highlight, he commends the new buyers bought in this region and marks the movement of whales and big players who await what is coming next and refuse to sell despite the new ATH Bitcoin just hit. Lastly, he talks about what can be expected next for Bitcoin (BTC) price this year. 

Bitcoin Could Hit $100,000 ATH by 2024 End

https://twitter.com/DrProfitCrypto/status/1854248545886302683

As we can see from the post above, the analyst expects Bitcoin to hit $100,000. To do so, there needs to be an additional $390 billion inflow into the Bitcoin market. The post marks Tesla’s move yesterday where $80 billion inflow came in. He concludes by saying the next few weeks will see plenty more billions move into Bitcoin leading to $100,000 BTC price this year.

The post New $76,460 BTC ATH Confirms Bitcoin’s Entry Into Price Discovery Phase, Analyst Confirms Super Cycle Start appeared first on Crypto News Land.

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