{"id":647576,"date":"2024-10-12T11:00:58","date_gmt":"2024-10-12T11:00:58","guid":{"rendered":"https:\/\/www.shenyangcang.com\/?p=647576"},"modified":"2024-10-12T09:22:18","modified_gmt":"2024-10-12T09:22:18","slug":"is-bitcoin-price-primed-for-new-record-high-analyst","status":"publish","type":"post","link":"https:\/\/www.shenyangcang.com\/news\/bitcoin\/is-bitcoin-price-primed-for-new-record-high-analyst\/","title":{"rendered":"Is Bitcoin Price Primed For New Record High? Analyst Provides Update On $78,000 Prediction"},"content":{"rendered":"<p><span style=\"font-weight: 400\">A crypto analyst has offered an update on their analysis, predicting the Bitcoin price to climb to a new all-time high in the coming months.<\/span><\/p>\n<h2><b>What\u2019s Next For Bitcoin In October?<\/b><\/h2>\n<p><span style=\"font-weight: 400\">In a September 23 post on X, crypto analyst Ali Martinez put forward an interesting prognosis on the current price action of <a href=\"https:\/\/www.shenyangcang.com\/news\/bitcoin\/bitcoin-next-move-veteran-trader-predicts-possible-75-crash-heres-why\/\" target=\"_blank\" rel=\"noopener \">Bitcoin and its future trajectory<\/a>. According to the pundit, the premier cryptocurrency looked set for a bullish breakout \u2014 albeit not in a straightforward move.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In his forecast, Martinez <a href=\"https:\/\/x.com\/ali_charts\/status\/33410946\" target=\"_blank\" rel=\"noopener nofollow\">said<\/a> that the price layout (at the time) could see Bitcoin fall to the $60,000 level and then make a comeback to $66,000. Following the recovery, a deep correction would see the market leader slump to $57,000 before rallying to a new all-time high of $78,000.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.shenyangcang.com\/analysis\/bnb\/failed-recovery-sparks-fears-of-deeper-losses-for-bnb\/\" target=\"_blank\" rel=\"noopener \">BNB Under Siege: Failed Recovery Sparks Fears of Deeper Losses<\/a><\/div>\n<p><span style=\"font-weight: 400\">This projection is based on the formation of a descending channel pattern on the daily Bitcoin price chart. A descending channel is a technical analysis chart formation characterized by two major trendlines; the upper line acting as the resistance level and the lower line acting as the support level.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The space between these trendlines serves as the channel within which prices over a period. Typically, the formation of a <a href=\"https:\/\/www.investopedia.com\/terms\/d\/descendingchannel.asp\" target=\"_blank\" rel=\"noopener nofollow\">descending channel<\/a> suggests the persistence of a downward price trend and lower highs. Meanwhile, traders can use this pattern to identify optimal entry and exit points.<\/span><\/p>\n<p><span style=\"font-weight: 400\">For instance, a descending channel can be used to confirm the continuation or reversal of a market trend. If a breakout occurs to the upside of the upper trendline, it may imply a shift from a downtrend to an uptrend. Meanwhile, a breakout across the bottom trendline is a trend continuation signal.<\/span><\/p>\n<figure style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/GYKWp0jWoAAvbAH?format=jpg&amp;name=medium\" alt=\"Bitcoin Price\" width=\"1200\" height=\"749\"><figcaption class=\"wp-caption-text\">Source: Ali_charts\/X<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">In a new post on the X platform, Martinez <a href=\"https:\/\/x.com\/ali_charts\/status\/73206398\" target=\"_blank\" rel=\"noopener nofollow\">provided an update<\/a> on the $78,000 forecast, confirming that the Bitcoin price dropped to $60,000 before jumping back to $66,000. Following the latest correction to around $59,000, the next move for the premier cryptocurrency seems to be the breakout rally to $78,000.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Contrary to general expectations, the price of Bitcoin has not exactly shined in the historically bullish month of October. However, this latest projection shows that the \u201c<a href=\"https:\/\/www.shenyangcang.com\/bitcoin-news\/bitcoins-path-to-80000-melt-up-in-q4-2024-details-inside\/\" target=\"_blank\" rel=\"noopener \">Uptober<\/a>\u201d month could just be starting for the flagship cryptocurrency.<\/span><\/p>\n<h2><b>Bitcoin Price At A Glance<\/b><\/h2>\n<p><span style=\"font-weight: 400\">As of this writing, the price of <a href=\"https:\/\/www.shenyangcang.com\/news\/bitcoin\/bitcoin-price-crash-1-83-billion\/\" target=\"_blank\" rel=\"noopener \">Bitcoin sits just beneath $63,000<\/a>, reflecting a 5% increase in the past 24 hours. This latest rally represents a price recovery as the premier cryptocurrency has been under intense bearish pressure over the past week, falling as low as $59,000 at some point. According to CoinGecko data, Bitcoin is up by 1% in the last seven days.<br \/>\n<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.shenyangcang.com\/bitcoin-news\/bitcoins-path-to-80000-melt-up-in-q4-2024-details-inside\/\" target=\"_blank\" rel=\"noopener \">Over 52 Million ETH Bought At $2,300, Will Ethereum Bulls Defend This Support?<\/a><\/div>\n<figure style=\"width: 2174px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/F28hNAyz\/\" alt=\" Bitcoin Price\" width=\"2174\" height=\"1432\"><figcaption class=\"wp-caption-text\">The price of BTC on the daily timeframe | Source: BTCUSDT chart on <a href=\"https:\/\/www.tradingview.com\/x\/F28hNAyz\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<p><em>Featured image created by Dall.E, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A crypto analyst has offered an update on their analysis, predicting the Bitcoin price to climb to a new all-time high in the coming months. What\u2019s Next For Bitcoin In October? In a September 23 post on X, crypto analyst Ali Martinez put forward an interesting prognosis on the current price action of Bitcoin and its future trajectory. According to the pundit, the premier cryptocurrency looked set for a bullish breakout \u2014 albeit not in a straightforward move. In his forecast, Martinez said that the price layout (at the time) could see Bitcoin fall to the $60,000 level and then make a comeback to $66,000. Following the recovery, a deep correction would see the market leader slump to $57,000 before rallying to a new all-time high of $78,000. Related Reading: BNB Under Siege: Failed Recovery Sparks Fears of Deeper Losses This projection is based on the formation of a descending channel pattern on the daily Bitcoin price chart. A descending channel is a technical analysis chart formation characterized by two major trendlines; the upper line acting as the resistance level and the lower line acting as the support level. The space between these trendlines serves as the channel within which prices over a period. Typically, the formation of a descending channel suggests the persistence of a downward price trend and lower highs. Meanwhile, traders can use this pattern to identify optimal entry and exit points. For instance, a descending channel can be used to confirm the continuation or reversal of a market trend. If a breakout occurs to the upside of the upper trendline, it may imply a shift from a downtrend to an uptrend. Meanwhile, a breakout across the bottom trendline is a trend continuation signal. In a new post on the X platform, Martinez provided an update on the $78,000 forecast, confirming that the Bitcoin price dropped to $60,000 before jumping back to $66,000. Following the latest correction to around $59,000, the next move for the premier cryptocurrency seems to be the breakout rally to $78,000. Contrary to general expectations, the price of Bitcoin has not exactly shined in the historically bullish month of October. However, this latest projection shows that the \u201cUptober\u201d month could just be starting for the flagship cryptocurrency. Bitcoin Price At A Glance As of this writing, the price of Bitcoin sits just beneath $63,000, reflecting a 5% increase in the past 24 hours. This latest rally represents a price recovery as the premier cryptocurrency has been under intense bearish pressure over the past week, falling as low as $59,000 at some point. According to CoinGecko data, Bitcoin is up by 1% in the last seven days. Related Reading: Over 52 Million ETH Bought At $2,300, Will Ethereum Bulls Defend This Support? Featured image created by Dall.E, chart from TradingView<\/p>\n","protected":false},"author":590,"featured_media":646509,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651],"tags":[428,679,1119,78790],"class_list":["post-647576","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-bitcoin-price","tag-btc","tag-btcusdt"],"acf":[],"yoast_head":"\n<title>Is Bitcoin Price Primed For New Record High? Analyst Provides Update On $78,000 Prediction<\/title>\n<meta name=\"description\" content=\"A crypto analyst has offered an update on their analysis, predicting the Bitcoin price to climb to a new all-time high in the coming months.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.shenyangcang.com\/news\/bitcoin\/is-bitcoin-price-primed-for-new-record-high-analyst\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is Bitcoin Price Primed For New Record High? Analyst Provides Update On $78,000 Prediction\" \/>\n<meta property=\"og:description\" content=\"A crypto analyst has offered an update on their analysis, predicting the Bitcoin price to climb to a new all-time high in the coming months.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.shenyangcang.com\/news\/bitcoin\/is-bitcoin-price-primed-for-new-record-high-analyst\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-12T11:00:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-12T09:22:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/10\/2024-10-06-02.28.00.jpg?fit=1024%2C1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Opeyemi Sule\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/fwOpeyemi\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Opeyemi Sule\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.shenyangcang.com\/news\/bitcoin\/is-bitcoin-price-primed-for-new-record-high-analyst\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.shenyangcang.com\/news\/bitcoin\/is-bitcoin-price-primed-for-new-record-high-analyst\/\"},\"author\":{\"name\":\"Opeyemi Sule\",\"@id\":\"https:\/\/www.shenyangcang.com\/#\/schema\/person\/f00d04323451aba53c6c7cca439248b8\"},\"headline\":\"Is Bitcoin Price Primed For New Record High? Analyst Provides Update On $78,000 Prediction\",\"datePublished\":\"2024-10-12T11:00:58+00:00\",\"dateModified\":\"2024-10-12T09:22:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.shenyangcang.com\/news\/bitcoin\/is-bitcoin-price-primed-for-new-record-high-analyst\/\"},\"wordCount\":492,\"publisher\":{\"@id\":\"https:\/\/www.shenyangcang.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.shenyangcang.com\/news\/bitcoin\/is-bitcoin-price-primed-for-new-record-high-analyst\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/10\/2024-10-06-02.28.00.jpg?fit=1024%2C1024\",\"keywords\":[\"bitcoin\",\"bitcoin price\",\"btc\",\"BTCUSDT\"],\"articleSection\":[\"Bitcoin\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.shenyangcang.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.shenyangcang.com\/news\/bitcoin\/is-bitcoin-price-primed-for-new-record-high-analyst\/\",\"url\":\"https:\/\/www.shenyangcang.com\/news\/bitcoin\/is-bitcoin-price-primed-for-new-record-high-analyst\/\",\"name\":\"Is Bitcoin Price Primed For New Record High? Analyst Provides Update On $78,000 Prediction\",\"isPartOf\":{\"@id\":\"https:\/\/www.shenyangcang.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.shenyangcang.com\/news\/bitcoin\/is-bitcoin-price-primed-for-new-record-high-analyst\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.shenyangcang.com\/news\/bitcoin\/is-bitcoin-price-primed-for-new-record-high-analyst\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/10\/2024-10-06-02.28.00.jpg?fit=1024%2C1024\",\"datePublished\":\"2024-10-12T11:00:58+00:00\",\"dateModified\":\"2024-10-12T09:22:18+00:00\",\"description\":\"A crypto analyst has offered an update on their analysis, predicting the Bitcoin price to climb to a new all-time high in the coming months.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.shenyangcang.com\/news\/bitcoin\/is-bitcoin-price-primed-for-new-record-high-analyst\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.shenyangcang.com\/news\/bitcoin\/is-bitcoin-price-primed-for-new-record-high-analyst\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.shenyangcang.com\/news\/bitcoin\/is-bitcoin-price-primed-for-new-record-high-analyst\/#primaryimage\",\"url\":\"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/10\/2024-10-06-02.28.00.jpg?fit=1024%2C1024\",\"contentUrl\":\"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/10\/2024-10-06-02.28.00.jpg?fit=1024%2C1024\",\"width\":1024,\"height\":1024,\"caption\":\"Bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.shenyangcang.com\/news\/bitcoin\/is-bitcoin-price-primed-for-new-record-high-analyst\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.shenyangcang.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Is Bitcoin Price Primed For New Record High? Analyst Provides Update On $78,000 Prediction\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.shenyangcang.com\/#website\",\"url\":\"https:\/\/www.shenyangcang.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/www.shenyangcang.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.shenyangcang.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.shenyangcang.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/www.shenyangcang.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.shenyangcang.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/www.shenyangcang.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.shenyangcang.com\/#\/schema\/person\/f00d04323451aba53c6c7cca439248b8\",\"name\":\"Opeyemi Sule\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.shenyangcang.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/c7504c9f8f2e0b8be7c07a8cf7ed4119?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/c7504c9f8f2e0b8be7c07a8cf7ed4119?s=96&d=mm&r=g\",\"caption\":\"Opeyemi Sule\"},\"description\":\"Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. \u201cLooking\u201d is a rather simple way to describe analyzing and interpreting various price patterns and chart formations. However, it appears that is not Opeyemi\u2019s favorite part - in fact, far from it. Being able to connect what happens on a price chart to on-chain movements and blockchain activities is what keeps Opeyemi ticking. \u201cThis emphasizes the intricacies of blockchain technology and the cryptocurrency market,\u201d he would say. Most importantly, Opeyemi thinks of any market insights as the gospel, while recognizing that he is only a messenger. When he is not clicking away at his keyboard, Opeyemi is most definitely listening to music, playing games, reading a book, or scrolling through X. He likes to think he is not loyal to a particular genre of music, which can be true on many days. However, the fast-rising Afrobeats genre is a staple in Opeyemi\u2019s Spotify Daily Mix. Meanwhile, Opeyemi is a voracious reader who enjoys a wide category of books - ranging from science fiction, fantasy, and historical, to even romance. He believes that authors like George R. R. Martin and J. K. Rowling are the greatest of all time when it comes to putting pen to paper. Opeyemi believes his reading of the Harry Potter series twice is proof of that. Indeed, Opeyemi enjoys spending most of his time within the four walls of his home. However, he also sometimes finds solace in the company of his friends at a bar, a restaurant, or even on a stroll. In essence, Opeyemi\u2019s ambivert (haha! been searching for an opportunity to use the word to describe myself) nature makes him a social chameleon who is able to quickly adapt to different settings. Opeyemi recognizes the need to constantly develop oneself in order to stay afloat in a competitive and ever-evolving market like crypto. For this reason, he is always in learning mode, ready to pick up the slightest lesson from every situation. Opeyemi is efficient and likes to deliver all that is required of him in time - he believes that \u201cwhatever is worth doing at all is worth doing well.\u201d Hence, you will always find him striving to be better. Ultimately, Opeyemi is a good writer and an even better person who is trying to shed light on an exciting world phenomenon - cryptocurrency. He goes to bed every day with a smile of satisfaction on his face, knowing that he has done his bit of the holy assignment - spreading the crypto gospel to the rest of the world.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/opeyemi-sule-027bb5227\",\"https:\/\/x.com\/https:\/\/twitter.com\/fwOpeyemi\"],\"url\":\"https:\/\/www.shenyangcang.com\/author\/oluwatosino\/\"}]}<\/script>\n","yoast_head_json":{"title":"Is Bitcoin Price Primed For New Record High? Analyst Provides Update On $78,000 Prediction","description":"A crypto analyst has offered an update on their analysis, predicting the Bitcoin price to climb to a new all-time high in the coming months.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.shenyangcang.com\/news\/bitcoin\/is-bitcoin-price-primed-for-new-record-high-analyst\/","og_locale":"en_US","og_type":"article","og_title":"Is Bitcoin Price Primed For New Record High? Analyst Provides Update On $78,000 Prediction","og_description":"A crypto analyst has offered an update on their analysis, predicting the Bitcoin price to climb to a new all-time high in the coming months.","og_url":"https:\/\/www.shenyangcang.com\/news\/bitcoin\/is-bitcoin-price-primed-for-new-record-high-analyst\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-10-12T11:00:58+00:00","article_modified_time":"2024-10-12T09:22:18+00:00","og_image":[{"width":1024,"height":1024,"url":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/10\/2024-10-06-02.28.00.jpg?fit=1024%2C1024","type":"image\/jpeg"}],"author":"Opeyemi Sule","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/fwOpeyemi","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Opeyemi Sule","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.shenyangcang.com\/news\/bitcoin\/is-bitcoin-price-primed-for-new-record-high-analyst\/#article","isPartOf":{"@id":"https:\/\/www.shenyangcang.com\/news\/bitcoin\/is-bitcoin-price-primed-for-new-record-high-analyst\/"},"author":{"name":"Opeyemi Sule","@id":"https:\/\/www.shenyangcang.com\/#\/schema\/person\/f00d04323451aba53c6c7cca439248b8"},"headline":"Is Bitcoin Price Primed For New Record High? Analyst Provides Update On $78,000 Prediction","datePublished":"2024-10-12T11:00:58+00:00","dateModified":"2024-10-12T09:22:18+00:00","mainEntityOfPage":{"@id":"https:\/\/www.shenyangcang.com\/news\/bitcoin\/is-bitcoin-price-primed-for-new-record-high-analyst\/"},"wordCount":492,"publisher":{"@id":"https:\/\/www.shenyangcang.com\/#organization"},"image":{"@id":"https:\/\/www.shenyangcang.com\/news\/bitcoin\/is-bitcoin-price-primed-for-new-record-high-analyst\/#primaryimage"},"thumbnailUrl":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/10\/2024-10-06-02.28.00.jpg?fit=1024%2C1024","keywords":["bitcoin","bitcoin price","btc","BTCUSDT"],"articleSection":["Bitcoin"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/www.shenyangcang.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.shenyangcang.com\/news\/bitcoin\/is-bitcoin-price-primed-for-new-record-high-analyst\/","url":"https:\/\/www.shenyangcang.com\/news\/bitcoin\/is-bitcoin-price-primed-for-new-record-high-analyst\/","name":"Is Bitcoin Price Primed For New Record High? Analyst Provides Update On $78,000 Prediction","isPartOf":{"@id":"https:\/\/www.shenyangcang.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.shenyangcang.com\/news\/bitcoin\/is-bitcoin-price-primed-for-new-record-high-analyst\/#primaryimage"},"image":{"@id":"https:\/\/www.shenyangcang.com\/news\/bitcoin\/is-bitcoin-price-primed-for-new-record-high-analyst\/#primaryimage"},"thumbnailUrl":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/10\/2024-10-06-02.28.00.jpg?fit=1024%2C1024","datePublished":"2024-10-12T11:00:58+00:00","dateModified":"2024-10-12T09:22:18+00:00","description":"A crypto analyst has offered an update on their analysis, predicting the Bitcoin price to climb to a new all-time high in the coming months.","breadcrumb":{"@id":"https:\/\/www.shenyangcang.com\/news\/bitcoin\/is-bitcoin-price-primed-for-new-record-high-analyst\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.shenyangcang.com\/news\/bitcoin\/is-bitcoin-price-primed-for-new-record-high-analyst\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.shenyangcang.com\/news\/bitcoin\/is-bitcoin-price-primed-for-new-record-high-analyst\/#primaryimage","url":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/10\/2024-10-06-02.28.00.jpg?fit=1024%2C1024","contentUrl":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/10\/2024-10-06-02.28.00.jpg?fit=1024%2C1024","width":1024,"height":1024,"caption":"Bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/www.shenyangcang.com\/news\/bitcoin\/is-bitcoin-price-primed-for-new-record-high-analyst\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.shenyangcang.com\/"},{"@type":"ListItem","position":2,"name":"Is Bitcoin Price Primed For New Record High? Analyst Provides Update On $78,000 Prediction"}]},{"@type":"WebSite","@id":"https:\/\/www.shenyangcang.com\/#website","url":"https:\/\/www.shenyangcang.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/www.shenyangcang.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.shenyangcang.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.shenyangcang.com\/#organization","name":"NewsBTC","url":"https:\/\/www.shenyangcang.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.shenyangcang.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/www.shenyangcang.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/www.shenyangcang.com\/#\/schema\/person\/f00d04323451aba53c6c7cca439248b8","name":"Opeyemi Sule","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.shenyangcang.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/c7504c9f8f2e0b8be7c07a8cf7ed4119?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c7504c9f8f2e0b8be7c07a8cf7ed4119?s=96&d=mm&r=g","caption":"Opeyemi Sule"},"description":"Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. \u201cLooking\u201d is a rather simple way to describe analyzing and interpreting various price patterns and chart formations. However, it appears that is not Opeyemi\u2019s favorite part - in fact, far from it. Being able to connect what happens on a price chart to on-chain movements and blockchain activities is what keeps Opeyemi ticking. \u201cThis emphasizes the intricacies of blockchain technology and the cryptocurrency market,\u201d he would say. Most importantly, Opeyemi thinks of any market insights as the gospel, while recognizing that he is only a messenger. When he is not clicking away at his keyboard, Opeyemi is most definitely listening to music, playing games, reading a book, or scrolling through X. He likes to think he is not loyal to a particular genre of music, which can be true on many days. However, the fast-rising Afrobeats genre is a staple in Opeyemi\u2019s Spotify Daily Mix. Meanwhile, Opeyemi is a voracious reader who enjoys a wide category of books - ranging from science fiction, fantasy, and historical, to even romance. He believes that authors like George R. R. Martin and J. K. Rowling are the greatest of all time when it comes to putting pen to paper. Opeyemi believes his reading of the Harry Potter series twice is proof of that. Indeed, Opeyemi enjoys spending most of his time within the four walls of his home. However, he also sometimes finds solace in the company of his friends at a bar, a restaurant, or even on a stroll. In essence, Opeyemi\u2019s ambivert (haha! been searching for an opportunity to use the word to describe myself) nature makes him a social chameleon who is able to quickly adapt to different settings. Opeyemi recognizes the need to constantly develop oneself in order to stay afloat in a competitive and ever-evolving market like crypto. For this reason, he is always in learning mode, ready to pick up the slightest lesson from every situation. Opeyemi is efficient and likes to deliver all that is required of him in time - he believes that \u201cwhatever is worth doing at all is worth doing well.\u201d Hence, you will always find him striving to be better. Ultimately, Opeyemi is a good writer and an even better person who is trying to shed light on an exciting world phenomenon - cryptocurrency. He goes to bed every day with a smile of satisfaction on his face, knowing that he has done his bit of the holy assignment - spreading the crypto gospel to the rest of the world.","sameAs":["https:\/\/www.linkedin.com\/in\/opeyemi-sule-027bb5227","https:\/\/x.com\/https:\/\/twitter.com\/fwOpeyemi"],"url":"https:\/\/www.shenyangcang.com\/author\/oluwatosino\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Is Bitcoin Price Primed For New Record High? Analyst Provides Update On $78,000 Prediction","url":"http:\/\/www.shenyangcang.com\/news\/bitcoin\/is-bitcoin-price-primed-for-new-record-high-analyst\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.shenyangcang.com\/news\/bitcoin\/is-bitcoin-price-primed-for-new-record-high-analyst\/"},"thumbnailUrl":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/10\/2024-10-06-02.28.00.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/10\/2024-10-06-02.28.00.jpg?fit=1024%2C1024"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Opeyemi Sule"}],"creator":["Opeyemi Sule"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin price","btc","btcusdt"],"dateCreated":"2024-10-12T11:00:58Z","datePublished":"2024-10-12T11:00:58Z","dateModified":"2024-10-12T11:00:58Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Is Bitcoin Price Primed For New Record High? Analyst Provides Update On $78,000 Prediction\",\"url\":\"http:\\\/\\\/www.shenyangcang.com\\\/news\\\/bitcoin\\\/is-bitcoin-price-primed-for-new-record-high-analyst\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.shenyangcang.com\\\/news\\\/bitcoin\\\/is-bitcoin-price-primed-for-new-record-high-analyst\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.shenyangcang.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/2024-10-06-02.28.00.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.shenyangcang.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/2024-10-06-02.28.00.jpg?fit=1024%2C1024\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Opeyemi Sule\"}],\"creator\":[\"Opeyemi Sule\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/www.shenyangcang.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin price\",\"btc\",\"btcusdt\"],\"dateCreated\":\"2024-10-12T11:00:58Z\",\"datePublished\":\"2024-10-12T11:00:58Z\",\"dateModified\":\"2024-10-12T11:00:58Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/shenyangcang.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/10\/2024-10-06-02.28.00.jpg?fit=1024%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/posts\/647576"}],"collection":[{"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/users\/590"}],"replies":[{"embeddable":true,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/comments?post=647576"}],"version-history":[{"count":5,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/posts\/647576\/revisions"}],"predecessor-version":[{"id":647599,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/posts\/647576\/revisions\/647599"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/media\/646509"}],"wp:attachment":[{"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/media?parent=647576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/categories?post=647576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/tags?post=647576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}