Bitcoin Price Still Mirroring Bullish Move From 2023, What To Expect After Hitting $108,000 ATH

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	409,548,262,770	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

409,548,262,770

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-7.20	-0.21%	3,409.80	3,409.51	3,409.79

Price Change

Price Change %

Current Price

Bid Price

Offer

-7.20

-0.21%

3,409.80

3,409.51

3,409.79

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,427.25	3,379.01	3,424.98	3,417.64	- - -

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,427.25

3,379.01

3,424.98

3,417.64

- - -

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	00:31:57	0.010000	3,409.66	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

00:31:57

0.010000

3,409.66

USD

Price x Volume	Volume	Base Symbol	Related Pairs
32,868,559.11	9,660.42	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

32,868,559.11

9,660.42

Bitcoin Price Still Mirroring Bullish Move From 2023, What To Expect After Hitting $108,000 ATH

18/12/2024 12:00pm

NEWSBTC

Crypto analyst Charting Guy has provided a major update on the Bitcoin price action as BTC hit a new all-time high (ATH) at $108,000. The analyst drew similarities between the current price and that of 2023 while revealing what could happen next for the flagship crypto. What Next As Bitcoin Price Mirrors 2023 Move In an X post, Charting Guy revealed that the Bitcoin price is still following 2023. The analyst predicted that the flagship crypto could hit the $110,000 to $120,000 area on this leg up, with this surge expected to happen later this week or early next week. Bitcoin looks to already be on its way to this price target, having recently hit a new ATH at $108,000. Related Reading: Analyst Who Correctly Predicted The Fantom Breakout Above $1 Reveals What’s Next In The Parabolic Trend Charting Guy also predicted that the Bitcoin price would tap the resistance on the daily Relative Strength Index (RSI), forming a triple bearish divergence, marking a slight local top for the flagship crypto. Once that happens, the analyst believes that Bitcoin will consolidate between $105 and $115,000 for a few weeks. The Bitcoin price could then record a fakeout move up to the $125,000 to $130,000 range into Donald Trump’s inauguration with a quick dump afterwards. Charting Guy predicts that this dump could maybe lead to a final retest of the $100,000 psychological level. Once that is done, Bitcoin could then begin the final leg up, starting from mid-February to the 1.618 Fibonacci level at around $170,000. The analyst opined that this could mark the final cycle top. What Happens As BTC Consolidates As the Bitcoin price consolidates from around Christmas to Donald Trump’s inauguration, Charting Guy believes that altcoins will go “absolutely insane.” The analyst also predicts that these altcoins will witness another parabolic rally roughly one month after Bitcoin tops in late March. Related Reading: Ethereum Price Crash Incoming? Tron’s Justin Sun Unstakes $209 Million ETH From Lido Finance These altcoins are expected to rally higher while the Bitcoin price makes lower highs. Charting Guy noted that different altcoins could top at different times. Some could happen at the start of next year, some during the Inauguration, and others when BTC tops in March or possibly extend to April. The analyst is confident that all these altcoins will get a major top in the first quarter of next year, with an extension to April possible for some coins. Charting Guy stated that the exact top for these altcoins will depend on each altcoin and its chart structure, wave count, Fibonacci levels, and other technical indicators. Specifically, the analyst highlighted LINK and XRP, stating that both coins could have their wave 3 topping in early Q1, with a wave 4 correction into the summer and a fifth wave higher high into August and September. The analyst added that the fifth wave isn’t really guaranteed and is speculative. Featured image created with Dall.E, chart from Tradingview.com

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