Crypto Analyst Charts Bitcoin Course To New $77,604 All-Time High

Name	Symbol	Market	Market Cap ($)	Algorithm
Solana	SOLUSD	Crypto	81,872,773,083	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Solana

SOLUSD

Crypto

81,872,773,083

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.420	-0.23%	184.56	184.56	184.58

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.420

-0.23%

184.56

184.58

High Price	Low Price	Open Price	Prev. Close	52 Week Range
193.89	184.09	184.76	184.98	17.34 - 210.00

High Price

Low Price

Open Price

Prev. Close

52 Week Range

193.89

184.09

184.76

184.98

17.34 - 210.00

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	22:12:46	0.003576	184.56	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

22:12:46

0.003576

184.56

USD

Price x Volume	Volume	Base Symbol	Related Pairs
231,682,251.32	1,224,511.35	SOL	SOLEUR	SOLGBP	SOLBTC

Price x Volume

Volume

Base Symbol

Related Pairs

231,682,251.32

1,224,511.35

Crypto Analyst Charts Bitcoin Course To New $77,604 All-Time High

29/07/2024 4:30pm

NEWSBTC

After hitting an all-time high of $73,400 in March 2024, the Bitcoin price has since retraced, remaining below its all-time high for the last four months. Nevertheless, expectations remain high that the Bitcoin price will eventually recover and hit a new all-time high, with crypto analyst “Melikatrader94” on TradingView predicting another run to $77,600. Bitcoin Turns Bullish On The Charts In the analysis that was shared on the TradingView website, crypto analyst Melikeatrader94 revealed her thesis for why the Bitcoin price could be headed to a new all-time high. The major reason behind the prediction is bullish chart patterns. Related Reading: Cardano Recovery Imminent? Whales Make Their Move With 17 Billion ADA The crypto analyst pointed out that the Bitcoin price had successfully broken out of a descending trend line. This is important because such a break indicates a return of bullish pressure, causing the price to go up. From here, Bitcoin could push toward its current all-time high price. Furthermore, there have been multiple confirmations on the chart, suggesting that the resulting rally from this descending trend line break could be incredibly strong. The crypto analyst points out that there will be corrections along the way. But ultimately, the direction for the Bitcoin price from here is up. Targets For The BTC Price With the Bitcoin breakout from the descending trend line, the crypto analyst believes that the price will rise to a new all-time high of $77,604. However, this is not going to be a completely easy path for Bitcoin as major resistance levels lie ahead. For starters, the crypto analyst believes that the BTC price risks a downward correction when it eventually gets to $70,000. This makes it the first major level to clear in the road to a new all-time high before encountering another resistance. Related Reading: Solana Confirms Upside Breakout With Bullish Pennant – Here’s The Target If Bitcoin is able to beat $70,000, then it is expected to reclaim its current all-time high above $73,400. However, it faces major resistance just a short distance away. The analyst’s next resistance level lies at $73,612. Due to this, the analyst believes that both $70,000 and $73,612 could serve as possible re-entry points. Going by the crypto analyst’s prediction, the Bitcoin price could see a notable 15% jump in price from its current level. Furthermore, the BTC price hitting a new all-time high would be positive for the crypto market given that the pioneer cryptocurrency is the established market mover and altcoins follow its path. Featured image created with Dall.E, chart from Tradingview.com

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