- Bitcoin will hit a new ATH of $86600 if $67400 resistance is flipped.
- Bitcoin is showing a strong upward momentum with increased accumulation.
Over the past week, Bitcoin [BTC] has experienced a strong upswing from a low of $58k to $67k, hiking by 14.57%.
This surge has rejuvenated market optimism over the long-awaited Uptober. As such, various market players, especially analysts, have started to dream of a new ATH.
One of these analysts is the popular crypto analyst Ali Martinez, who suggested that the king coin was on the verge of hitting an ATH.
Bitcoin’s new ATH, when?
In his analysis, Martinez pointed out that BTC can reach a new high if it remains above $67400.
Source: X
According to him, a breakout above $67400 will strengthen Bitcoin to the next local high of around $86600. Based on this assumption, the crypto will see a 28.49% upsurge.
During the previous bull run, BTC saw a sustained rise from $38505 to the recurrent ATH of $73794. This marked a 91.65% increase between January and March 2024.
Therefore, compared with the previous cycle, the argument is quite plausible.
What Bitcoin’s charts says
While Martinez sees a potential upsurge to a record high, the question is does other market fundamentals support the case?
Source: CryptoQuant
The first indicator to consider is the fund flow ratio, which measures the capital inflow into an asset. According to CryptoQuant, the Fund flow ratio has surged from a low of 0.04 to 0.13 at press time.
A rise in the Fund flow ratio suggests that more money is flowing into BTC, implying a rise in buying pressure.
Source: Santiment
Finally, Bitcoin’s active addresses have been rising over the past week from 567.9k to 753k at press time.
This shows higher engagement with the network, which implies that the recent uptrend is supported by strong fundamentals and not mere market speculation.
What’s next for BTC?
As of this writing, BTC was trading at $67548. Thus, as observed above, BTC is currently enjoying a strong upward momentum and positive market sentiment.
Read Bitcoin’s [BTC] Price Prediction 2024–2025
If these conditions can hold, the crypto will attempt a $70,000 resistance level where it has previously faced multiple rejections.
A breakout from here can propel Bitcoin to a new ATH. Thus, it must first trade above $70k to make a new high.
- Bitcoin will hit a new ATH of $86600 if $67400 resistance is flipped.
- Bitcoin is showing a strong upward momentum with increased accumulation.
Over the past week, Bitcoin [BTC] has experienced a strong upswing from a low of $58k to $67k, hiking by 14.57%.
This surge has rejuvenated market optimism over the long-awaited Uptober. As such, various market players, especially analysts, have started to dream of a new ATH.
One of these analysts is the popular crypto analyst Ali Martinez, who suggested that the king coin was on the verge of hitting an ATH.
Bitcoin’s new ATH, when?
In his analysis, Martinez pointed out that BTC can reach a new high if it remains above $67400.
Source: X
According to him, a breakout above $67400 will strengthen Bitcoin to the next local high of around $86600. Based on this assumption, the crypto will see a 28.49% upsurge.
During the previous bull run, BTC saw a sustained rise from $38505 to the recurrent ATH of $73794. This marked a 91.65% increase between January and March 2024.
Therefore, compared with the previous cycle, the argument is quite plausible.
What Bitcoin’s charts says
While Martinez sees a potential upsurge to a record high, the question is does other market fundamentals support the case?
Source: CryptoQuant
The first indicator to consider is the fund flow ratio, which measures the capital inflow into an asset. According to CryptoQuant, the Fund flow ratio has surged from a low of 0.04 to 0.13 at press time.
A rise in the Fund flow ratio suggests that more money is flowing into BTC, implying a rise in buying pressure.
Source: Santiment
Finally, Bitcoin’s active addresses have been rising over the past week from 567.9k to 753k at press time.
This shows higher engagement with the network, which implies that the recent uptrend is supported by strong fundamentals and not mere market speculation.
What’s next for BTC?
As of this writing, BTC was trading at $67548. Thus, as observed above, BTC is currently enjoying a strong upward momentum and positive market sentiment.
Read Bitcoin’s [BTC] Price Prediction 2024–2025
If these conditions can hold, the crypto will attempt a $70,000 resistance level where it has previously faced multiple rejections.
A breakout from here can propel Bitcoin to a new ATH. Thus, it must first trade above $70k to make a new high.
get cheap clomid for sale get clomid without a prescription buy generic clomiphene without dr prescription can i purchase clomiphene pills how to buy generic clomid price get generic clomiphene without a prescription how can i get clomid
Good blog you procure here.. It’s obdurate to find high status script like yours these days. I justifiably appreciate individuals like you! Go through mindfulness!!
The thoroughness in this draft is noteworthy.
buy azithromycin 250mg online cheap – order zithromax 250mg without prescription order flagyl 200mg online cheap
order generic rybelsus 14 mg – order periactin 4mg sale buy cyproheptadine for sale
domperidone 10mg generic – where can i buy motilium order cyclobenzaprine 15mg without prescription
buy propranolol generic – purchase methotrexate online cheap purchase methotrexate generic
purchase amoxil online cheap – order diovan 160mg pills combivent 100 mcg over the counter
buy generic azithromycin 250mg – buy azithromycin 500mg generic purchase bystolic pill
buy generic augmentin 1000mg – atbioinfo ampicillin usa
nexium 40mg canada – https://anexamate.com/ esomeprazole 20mg uk
generic warfarin 2mg – anticoagulant cheap losartan 50mg
brand mobic 15mg – swelling order meloxicam online cheap
order deltasone 20mg online – apreplson.com deltasone 40mg usa
over the counter ed pills – https://fastedtotake.com/ best non prescription ed pills
cheap amoxil online – https://combamoxi.com/ amoxicillin drug
diflucan 200mg pill – https://gpdifluca.com/ order diflucan 100mg for sale
purchase cenforce – https://cenforcers.com/ buy cheap cenforce
is cialis covered by insurance – https://ciltadgn.com/# do you need a prescription for cialis
us pharmacy prices for cialis – https://strongtadafl.com/ pastillas cialis
buy zantac cheap – https://aranitidine.com/# oral ranitidine
viagra buy pharmacy – strongvpls cheap viagra vipps
The thoroughness in this draft is noteworthy. este sitio
I am in fact thrilled to gleam at this blog posts which consists of tons of profitable facts, thanks object of providing such data. amoxil order
More articles like this would make the blogosphere richer. https://ursxdol.com/get-cialis-professional/
Thanks for putting this up. It’s well done. online
More posts like this would persuade the online time more useful. fildena avaler fondre
The thoroughness in this section is noteworthy. https://ondactone.com/product/domperidone/
Thanks for putting this up. It’s evidently done.
methotrexate brand
I am actually thrilled to glance at this blog posts which consists of tons of useful facts, thanks towards providing such data. http://mi.minfish.com/home.php?mod=space&uid=1412624
forxiga over the counter – https://janozin.com/# generic dapagliflozin
buy cheap xenical – on this site orlistat 120mg usa