{"id":41167,"date":"2024-11-11T21:08:58","date_gmt":"2024-11-11T21:08:58","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-breaks-87k-heres-what-this-analyst-says-about-btc-price\/"},"modified":"2024-11-11T21:08:58","modified_gmt":"2024-11-11T21:08:58","slug":"bitcoin-breaks-87k-heres-what-this-analyst-says-about-btc-price","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-breaks-87k-heres-what-this-analyst-says-about-btc-price\/","title":{"rendered":"Bitcoin breaks $87k; here\u2019s what this analyst says about BTC price"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/02\/bitcoin-bull-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/02\/bitcoin-bull-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/02\/bitcoin-bull-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/02\/bitcoin-bull-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Bitcoin has hit a new high above $87,000 and could bounce past $100,000 amid bullish momentum.<\/li>\n<li>If it happens, the bull market case is for a rally to $150k, an analyst says<\/li>\n<\/ul>\n<p>With Bitcoin rallying to a new all-time high above $87,000, the overall sentiment suggests it\u2019s likely to continue higher. Although a breather could be due, analysts are suggesting this might just be a start of a major bull run for the benchmark crypto asset.<\/p>\n<h2>Bitcoin hits $87k: What next?<\/h2>\n<p>BTC rallied higher after breaching $84k amid <a href=\"https:\/\/coinjournal.net\/news\/microstrategy-buys-27200-btc-worth-over-2-billion-bitcoin-spikes-above-84k\/\">MicroStrategy\u2019s $2 billion worth of bitcoin purchase<\/a>. The upward move now sees it trade above $87k. This is after the momentum carried from the <a href=\"https:\/\/coinjournal.net\/news\/what-happened-in-crypto-this-week-3\/\">past week<\/a>, which saw Donald Trump become president-elect.<\/p>\n<p>According to crypto analyst Kaleo, the next stop for BTC could be $90k before a brief consolidation. However, this might offer the next upward bounce.<\/p>\n<p>Now, past performance is not an indicator of future gains, the market knows. Nonetheless, crypto analyst Kaleo says should Bitcoin price take a similar trajectory to its previous cycle, it could stall around $90k. This should however be only for a brief period before the upside momentum returns to push bulls beyond $100k.<\/p>\n<p>\u201cWhen Bitcoin finally made a clean break above the previous cycle\u2019s all time high in December of 2020, it ripped 22% higher without pulling back over the course of several days before it slowed down a bit,\u201d the analyst <a href=\"https:\/\/x.com\/CryptoKaleo\/status\/1856070139864854886\" target=\"_blank\" rel=\"noopener\">posted<\/a> on X. \u201cIt spent about [a] week consolidating [there] prior to beginning another 75% up only run over the course of the next few weeks,\u201d he added.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> \/ <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a><\/p>\n<p>When Bitcoin finally made a clean break above the previous cycle&#8217;s all time high in December of 2020, it ripped 22% higher without pulling back over the course of several days before it slowed down a bit. It spent about week consolidating their prior to beginning\u2026 <a href=\"https:\/\/t.co\/UO2IypNLu5\">pic.twitter.com\/UO2IypNLu5<\/a><\/p>\n<p>\u2014 K A L E O (@CryptoKaleo) <a href=\"https:\/\/twitter.com\/CryptoKaleo\/status\/1856070139864854886?ref_src=twsrc%5Etfw\">November 11, 2024<\/a><\/p>\n<\/blockquote>\n<p>\u00a0<\/p>\n<p>Per the chart the analyst shared, a bull market projection has Bitcoin price at $150k with a 75% breakout. Things may not play out as such, particularly with the market never moving in a straight line. Regardless, the long term view is super bullish for Bitcoin.<\/p>\n<p>\u201cThe fun in this bull market is just getting started,\u201d the analyst opined.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-breaks-87k-heres-what-this-analyst-says-about-btc-price\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Bitcoin has hit a new high above $87,000 and could bounce past $100,000 amid bullish momentum. If it happens, the bull market case is for a rally to $150k, an analyst says With Bitcoin rallying to a new all-time high above [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":41168,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/41167"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=41167"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/41167\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/41168"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=41167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=41167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=41167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}