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<p>The post <a href="https://coinpedia.org/news/altcoin-poised-for-immense-rally-as-bitcoin-in-consolidation-phase-aiming-for-70k/">Analyst Predicts $70k for Bitcoin Price! Altcoin Season 2024 to Follow?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The cryptocurrency realm is abuzz with activity this week, as <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/">Bitcoin (BTC)</a> maintains a steady pace amidst ongoing consolidation. Leading crypto analyst Michaël van de Poppe adds to the excitement, suggesting that Bitcoin could surge past the $70,000 mark in the coming week. Currently, Bitcoin is priced at <a href="https://markets.coinpedia.org/bitcoin/">$67,100</a>, marking a notable 4.8% uptick over the past day. </p> 
<p>What’s to come? You’ll have to read on to find out! </p> 
<h2 class="wp-block-heading" id="h-van-de-poppe-s-insight-future-is-bright"><strong>Van de Poppe’s Insight</strong>: Future is Bright! </h2> 
<p>Analyzing the weekly candlestick charts across various cryptocurrency markets, Van de Poppe identifies a consistent pattern of consolidation. He foresees Bitcoin testing the $70,000 milestone soon, driven by strong market momentum and growing investor confidence.</p> 
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   <p lang="en" dir="ltr">Looking at the weekly candles across the markets, it seems like we're relatively bottoming out for most of the <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a>.<br><br>I think it's also likely Bitcoin tests $70K upcoming week, including a lot of strength on the altcoin markets.</p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1771996310591111630?ref_src=twsrc%5Etfw">March 24, 2024</a>
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<p>Analyzing the weekly candlestick charts across various cryptocurrency markets, Van de Poppe identifies a consistent pattern of consolidation. He foresees Bitcoin testing the $70,000 milestone soon, driven by strong market momentum and growing investor confidence.</p> 
<p>Read More: <a href="https://coinpedia.org/news/robert-kiyosaki-plans-to-purchase-10-bitcoins-anticipates-100k-bitcoin-price-by-september/">Bitcoin Price at $100k by September 2024: Robert Kiyosaki’s Bold Prediction</a></p> 
<h2 class="wp-block-heading" id="h-bitcoin-s-technical-breakthrough"><strong>Bitcoin’s Technical Breakthrough</strong></h2> 
<p>Meanwhile, prominent crypto investor Mister Crypto shares bullish sentiments regarding Bitcoin’s trajectory, citing a breakthrough in the descending triangular pattern observed over the 4-hour timeframe. </p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/BITCOIN?src=hash&amp;ref_src=twsrc%5Etfw">#BITCOIN</a> BREAKING OUT!! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/lAA4TyyPcg">pic.twitter.com/lAA4TyyPcg</a></p>— Mister Crypto (@misterrcrypto) <a href="https://twitter.com/misterrcrypto/status/1772132835362508952?ref_src=twsrc%5Etfw">March 25, 2024</a>
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<p>This breakthrough suggests Bitcoin is poised to retest its resistance level in the coming week, fueling optimism among traders.</p> 
<h2 class="wp-block-heading" id="h-altcoins-await-their-time">Altcoins Await Their Time…</h2> 
<p>As Bitcoin gains traction for its potential rally, Van de Poppe shifts focus to the resilience of the <a href="https://coinpedia.org/news/from-1000-to-100k-list-of-top-altcoin-with-biggest-return-in-2024/">altcoin market</a>. This indicates a broader consolidation trend within the market, with altcoins positioned to benefit from Bitcoin’s upward momentum.</p> 
<h2 class="wp-block-heading" id="h-looking-ahead-opportunities-and-challenges"><strong>Looking Ahead: Opportunities and Challenges</strong></h2> 
<p>As altcoins transition from accumulation phases and boast a collective market capitalization exceeding $1.125 trillion, the days ahead hold significance. With the <a href="https://coinpedia.org/news/major-crypto-events-this-week-economic-data-halving-hype-and-legal-drama/">Bitcoin halving event</a> looming, the interaction between Bitcoin and altcoins will be closely monitored, shaping the cryptocurrency ecosystem’s dynamics.</p> 
<p>Read More: <a href="https://coinpedia.org/price-analysis/top-crypto-stocks-to-buy-before-bitcoin-halving/">Top Crypto Stocks to Buy Before Bitcoin Halving!</a></p> 
<p><strong>What are your investment strategies for the coming market movements?</strong></p>

Analyst Predicts $70k for Bitcoin Price! Altcoin Season 2024 to Follow?

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