- Analysts Predict Growth
- Current Price and Support
- Technical Indicators
Bitcoin, the largest cryptocurrency, is gearing up for significant growth with analysts predicting its price could reach $85,000 by the end of 2024.
Analysts Predict Growth
On September 21, crypto trader, investor, and analyst Titan of Crypto predicted “intermediate” gains of 35% for BTC/USD. He believes Bitcoin is gearing up for new all-time highs.
Current Price and Support
Bitcoin continues to hold above $62,000, having bounced back from a September support level that was $10,000 lower. Optimistic forecasts suggest favorable conditions for bulls. Titan of Crypto set the first target at $85,000.
Technical Indicators
Titan of Crypto noted that Bitcoin's weekly Relative Strength Index (RSI) on is building momentum for new all-time highs. “The Weekly RSI breakout signals an explosive move by the end of the year for BTC.”
Analysts agree that Bitcoin is gearing up for significant growth in the near term. However, confirmation of Bitcoin's price strength in the coming weeks is necessary for confident forecasting.
