By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
CryptoXTimesCryptoXTimes
  • Home
  • News
    • Crypto
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • Shiba Inu News
    • Ripple News
    • Analysis
    • iGaming News
  • Cryptocurrency
    • Price Prediction
    • Learn
    • Reviews
  • Advertise
    • Press Release
  • Contact Us
Notification Show More
Font ResizerAa
CryptoXTimesCryptoXTimes
Font ResizerAa
  • Home
  • News
  • Cryptocurrency
  • Advertise
  • Contact Us
Search
  • Home
  • News
    • Crypto
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • Shiba Inu News
    • Ripple News
    • Analysis
    • iGaming News
  • Cryptocurrency
    • Price Prediction
    • Learn
    • Reviews
  • Advertise
    • Press Release
  • Contact Us
Have an existing account? Sign In
Follow US
© 2024 CryptoXtimes. All Rights Reserved.
CryptoXTimes > Article > News > Bitcoin Predicted To Hit $70K After Rebound
NewsBitcoin News

Bitcoin Predicted To Hit $70K After Rebound

Experts predict Bitcoin recovery to $70K after recent dip.

Aima Raza
Last updated: July 4, 2024 7:34 pm
Aima Raza 12 months ago
Share
Bitcoin Predicted To Hit $70K After Rebound

After Bitcoin’s price dropped below $60,000 not long ago, crypto expert Michael van de Poppe has found a key sign that it may go up from where it is now. As van de Poppe wrote on X (which used to be Twitter), Bitcoin’s CME gap has closed. This could mean a safety bounce. Based on his picture, BTC is likely to go up again after taking back support at $60,000.

#Bitcoin CME gap has closed.

Time to bounce up. pic.twitter.com/cT1YSjtyCx

— Michaël van de Poppe (@CryptoMichNL) July 3, 2024

In the same way, crypto expert Mikybull Crypto said that the CME gap had closed and agreed with van de Poppe’s positive outlook. He thinks BTC could rise back up to around $60,000 and maybe even continue to rise up.

Bitcoin’s Technical Patterns Analyzed

Mikybull Crypto said that BTC has finished an inverse head-and-shoulders pattern on the daily chart. If it goes above $62,000, the minimum goal for a breakout is $70,000.

Mikybull Crypto also talked about the Moving Average Convergence/Divergence (MACD) indicator. This shows that Bitcoin is about to make a positive cross, which means it is strong and the price could go up. 

Even though Bitcoin has not done well lately, he’s still sure that there will be a steep rise because the cycle top has not been reached yet. He believes that BTC could reach more than $100,000 or even $130,000. Prices should aim for between $138,000 and $150,000 during this bull run.

As Bitcoin struggles to stay above $60,000, more and more people in the crypto world are saying negative things. BTC might drop to around $40,000, according to some. A crypto expert called CrediBULL Crypto believes that such a drop is not likely to happen soon.

He thinks Bitcoin could wick down to $58,000, hold a higher low above $56,000, and then turn around. If the $56,000 level is broken, he thinks the price could fall to the $53,000 demand area.

CrediBULL Crypto thinks that a drop to $40,000 is the least likely outcome and warns people not to put too much stock in this chance. He says that Bitcoin still has to overcome a lot of problems before it can drop to such a low level.

You Might Also Like

Bitcoin Could Hit $120K If Fed Cuts Rates Soon

Bitcoin Beats Inflation, Says Paul Tudor Jones

Deutsche Bank Considers Issuing Stablecoin Amid Digital Shift

Will Bitcoin Break $111K or Face Major Correction?

PEPE Memecoin Surges 8.5% After Trump’s Cryptic Post Sparks Frenzy

TAGGED: Bitcoin, BTC, Cryptocurrencies
By Aima Raza
As a practicing lawyer who focuses on issues related to crypto and blockchain, Aima gives our content a unique legal viewpoint. Because she is so good at navigating the constantly changing regulatory environment, our readers always know about the latest regulations and happenings in the crypto world.
Previous Article German Bitcoin Holdings Spark Debate As Prices Drop German Bitcoin Holdings Spark Debate As Prices Drop
Next Article Toncoin Whales Drive Surge Amid Crypto Market Sell-Off Toncoin Whales Drive Surge Amid Crypto Market Sell-Off
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Socials
TwitterFollow
TelegramFollow
LinkedInFollow

Subscribe to our newslettern

Get Newest Articles Instantly!

Popular News
Bitcoin Could Hit $120K If Fed Cuts Rates Soon
Bitcoin Could Hit $120K If Fed Cuts Rates Soon
Iceland PM Shifts Energy from Bitcoin to Agriculture
Iceland PM Shifts Energy from Bitcoin to Agriculture
RippleX Halts AMM Pool Deposits Due to XRP Ledger Glitch
RippleX Halts AMM Pool Deposits Due to XRP Ledger Glitch

You Might Also Like

Telegram Integrates Elon Musk’s Grok AI in $300M Deal
CryptoNews

Telegram Integrates Elon Musk’s Grok AI in $300M Deal

By Haider Ali 4 weeks ago
Berachain Transactions Tumble, Fee Revenues Cut In Half
Press ReleaseCryptoNews

Berachain Transactions Tumble, Fee Revenues Cut In Half

By Nayab Fatima 4 weeks ago
Trump Media Launches $2.5B Crypto Investment Strategy
NewsCrypto

Trump Media Launches $2.5B Crypto Investment Strategy

By Nayab Fatima 4 weeks ago
$BONK Surges 4% as Breakout Above $0.000021 Nears
CryptoNews

$BONK Surges 4% as Breakout Above $0.000021 Nears

By Haider Ali 4 weeks ago
CryptoXTimesCryptoXTimes
Follow US
© 2024 CryptoXtimes. All Rights Reserved.
  • About Us
  • Careers
  • Privacy Policy
  • Risk Disclaimer
Welcome Back!

Sign in to your account

Lost your password?