Latest Bitcoin Price Predictions According to Crypto Analysts

Bittime - Bitcoin prices stabilized this week, but analysts remain optimistic about its potential movement towards late 2024 and early 2025. Insights from analysts such as Ali Martinez and CrypNuevo provide insight into Bitcoin's likely future price trends.

Prediction View Bitcoin from Martinez

Bitcoin is having difficulty maintaining levels above $60,000. However, analyst Ali Martinez predicts Bitcoin could soon target $64,000. Martinez noted that Bitcoin's price movement is parallel to that of Toncoin (TON), indicating that if this trend continues, Bitcoin could rise in the coming days.

Read also: Bitcoin Price Drops After US Government Sales

Analysis from CrypNuevo & The Moon: Cautious Optimism and Potential Downturn

CrypNuevo analysts identified a potential resistance zone around $62,000 and warned of a potential bull trap. If Bitcoin fails to maintain levels between $61,800 and $62,200, it could fall to $58,000 before rising again. Currently, Bitcoin has fallen below $58,000.

Meanwhile, according to The Moon analyst points out both bearish and bullish scenarios for Bitcoin. Depending on the direction of the breakout of the large symmetric triangle on the 1-hour chart, Bitcoin price could fall to $52,000 or rise to $68,000.

Keeping an Eye on Bitcoin's Next Move

While Bitcoin's price is in a critical range, analysts remain divided on the next step. Some see potential upside towards $64,000, while others warn of a downside. Investors should monitor this level closely as 2024 progresses, with a significant move expected later this year.

Dealing with Bitcoin Price Volatility

The crypto market is known for its volatility, and Bitcoin is no exception. The differing views of analysts highlight the challenges in predicting price movements with certainty. Investors should exercise caution, conduct in-depth research, and consider various factors, including market trends, regulatory developments, and project fundamentals before making an investment decision.

How to Buy Crypto on Bittime

You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of Indonesia's best crypto applications, officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

Monitor graphic movement of Bitcoin (BTC) price, Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.