⭐⭐Bitcoin (BTC) on Verge of Biggest Breakout in Price History
Bitcoin (BTC) is currently showing no momentum, and its sideways movement has continued. It seems that the largest cryptocurrency on the market is stuck in this consolidation range around $60,000 to $62,000. However, many in the community are still anticipating a massive price breakout. They still believe in the "Uptober" theory for the Bitcoin price.
New Bitcoin all-time high?
The analyst thinks that the "chop" phase, where BTC sees frequent price dips, may also end around this time period in 2024. According to Jelle, if history repeats itself and the same pattern is followed by Bitcoin, the market may see the start of a huge price breakout for the leading coin. The analyst predicted that the Bitcoin price may hit a new all-time high (ATH) in the next two to three weeks.
Bitcoin chart looks ready to ignite this potential bull run. The current all-time high of BTC is around $73,780. The coin achieved this milestone in March of this year after the launch of Bitcoin Spot ETFs in January. Now, Jelle is expecting a new ATH by the end of October or the start of November.
