Bitcoin Cash

Create

Rally

Shiba Inu

Time

<p>Over the past few weeks, Bitcoin (BTC) has seen bullish momentum return following an extended period of rangebound price action. Analyst interpretations of key technical levels suggest further upside remains likely in the coming months as the next halving approaches.</p>
<h2 class="wp-block-heading" id="strong-key-resistance-break-hints-at-history-repeating-strong"><strong>Key Resistance Break Hints at History Repeating</strong></h2>
<p>Per analyst <a href="https://twitter.com/MikybullCrypto/status/1759466183940542763" target="_blank" rel="noopener noreferrer nofollow">MilkyBull Crypto</a>, Bitcoin recently closed above a critical cyclical resistance level for the first time prior to a halving event. Notably, similar resistance breaks in 2016 and 2020 preceded major bull runs over the following year. After 63 and 49 days, respectively, of those breakouts, new all-time highs were reached.</p>
<p>If historical patterns repeat, MilkyBull expects Bitcoin to once again print fresh highs by April 2024. Other experts share the view that previous market cycles provide a roadmap for where BTC heads next.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="580" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-708-1024x580.png" alt="" class="wp-image-440536" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-708-1024x580.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-708-300x170.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-708-768x435.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-708-1536x870.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-708-2048x1161.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-708-265x150.png 265w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-708-100x57.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-708-618x350.png 618w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-708-788x446.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-708.png 1950w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<h2 class="wp-block-heading" id="strong-overbought-conditions-usually-mark-start-of-epic-bull-runs-strong"><strong>Overbought Conditions Usually Mark Start of Epic Bull Runs</strong></h2>
<p>According to analytics <a href="https://twitter.com/CryptoJelleNL/status/1759536382228201795" target="_blank" rel="noopener noreferrer nofollow">shared</a> by trader Jelle, Bitcoin’s weekly relative strength index (RSI) now sits above 70. As he notes, such overbought readings marked the early stages of crypto’s most lucrative bull markets historically. If those precedents hold, significant additional upside could just be getting started.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>The key? Getting in early, especially during the IDO phase. <strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow">Get in on NuggetRush</a></strong> now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the<strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"> current ICO prices</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p>Popular analyst Michaël van de Poppe <a href="https://twitter.com/CryptoMichNL/status/1759502042303811854" target="_blank" rel="noopener noreferrer nofollow">concurs</a> on Bitcoin’s positive momentum. However, he believes a brief pullback may hit in the near-term before BTC pushes toward $54-58K. Upon reaching those interim target levels, de Poppe expects the current pre-halving run to conclude.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="558" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-709-1024x558.png" alt="" class="wp-image-440544" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-709-1024x558.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-709-300x163.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-709-768x418.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-709-1536x836.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-709.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-709-276x150.png 276w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-709-100x54.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-709-643x350.png 643w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-709-788x429.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<h2 class="wp-block-heading" id="strong-new-all-time-high-likely-by-may-per-historical-tendencies-strong"><strong>New All-Time High Likely by May per Historical Tendencies</strong></h2>
<p>Veteran analyst Kevin Cage <a href="https://twitter.com/Kevin_Cage_/status/1759608094802256061" target="_blank" rel="noopener noreferrer nofollow">highlights</a> Bitcoin decisively moving past the 50% retracement of its recent bear market. On the three previous major Bitcoin cycles, closing a full weekly candle above this level kicked off the final leg higher to new all-time price highs.</p>
<p>During those historic occasions, fresh highs emerged over stretches of 28–98 days post-breakout. Applying this range to the current market environment, Cage assesses a likely timeframe of March 18th to May 27th, 2024, for Bitcoin’s next record peak.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="594" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-710-1024x594.png" alt="" class="wp-image-440552" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-710-1024x594.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-710-300x174.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-710-768x445.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-710-1536x890.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-710-2048x1187.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-710-259x150.png 259w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-710-100x58.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-710-604x350.png 604w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-710-788x456.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>With blockchain activity, institutional adoption, and developer sentiment remaining strong, most experts agree Bitcoin’s long-term outlook looks bright. If key upside triggers like the impending halving play out similarly to past cycles, renewed exuberance around crypto may lift Bitcoin and the broader digital asset market back toward record valuations by mid-2024.</p>
<p>Still, unforeseen regulatory pressure or macroeconomic instability leading into the U.S. presidential election could weigh on investor appetite. But for long-term focused bulls, recent price action provides another validation point for Bitcoin’s status as digital gold.</p>
<p>You may also be interested in:</p>
<ul>
 <li><a href="https://captainaltcoin.com/top-analyst-says-bitcoin-btc-at-30k-is-now-less-likely-but-theres-a-catch/" target="_blank" rel="noopener noreferrer nofollow">Top Analyst Says Bitcoin (BTC) at $30k is Now ‘Less Likely’ – But There’s a Catch</a></li>
 <li><a href="https://captainaltcoin.com/can-surging-shibarium-activity-push-shiba-inu-shib-price-past-crucial-barrier/" target="_blank" rel="noopener noreferrer nofollow">Can Surging Shibarium Activity Push Shiba Inu ($SHIB) Price Past Crucial Barrier?</a></li>
 <li><a href="https://captainaltcoin.com/40x-seemingly-possible-as-under-valued-kelexo-klxo-lending-phenomenon-secures-more-solana-sol-bitcoin-cash-bch-investment/" target="_blank" rel="noopener noreferrer nofollow">40x Seemingly Possible as ‘Under-Valued’ Kelexo (KLXO) Lending Phenomenon Secures More Solana (SOL) &amp; Bitcoin Cash (BCH) Investment</a></li>
</ul>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/analyst-shares-time-frame-when-bitcoin-should-create-an-all-time-high-highlights-when-btc-pre-halving-rally-will-end/" rel="noopener noreferrer nofollow">Analyst Shares Time Frame When Bitcoin Should Create An All-Time High, Highlights When BTC Pre-Halving Rally Will End</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Analyst Shares Time Frame When Bitcoin Should Create An All-Time High, Highlights When BTC Pre-Halving Rally Will End

Table of Contents

CaptainAltcoin

Другие статьи, опубликованные 19 февр. 2024 г.

Here Are The 10 AI Coins Are Ruling Social Media – See Who’s on Top

Ethereum’s Potential in Attracting Institutional Investors Highlighted

Coinbase Commerce to Bolster Capabilities with Solana and Lightning Network

RHUNA Launches to Revolutionize the Events and Entertainment Industry with Fintech Innovation (19...

Bitcoin Holds Steady as Market Anticipates Upcoming Halving Event

New “Sketched Out” Operator Skin in Modern Warfare 3 Raises Controversy

Join our free newsletter for daily crypto updates!