RATE Group | Crypto Trader: Bitcoin Price May Not Break All-Time High Until 2024
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Crypto Trader: Bitcoin Price May Not Break All-Time High Until 2024

30 Oct Crypto Trader: Bitcoin Price May Not Break All-Time High Until 2024

Posted at 03:00h in Bitcoin News by

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Bitcoin price is currently top of mind with most traders and financial analysts after the crypto asset made its third-largest ever one-day gain since its inception this past week.

The powerful move has once again renewed discussion around Bitcoin’s all-time high, in regard to what the price may be, and when it may occur. However, one prominent crypto trader who has made a number of accurate calls in the past believes that Bitcoin will not set a new all-time high for another five years.

Bitcoin All-Time High Coming In October 2024 According To Fibonacci Sequence

Almost two years ago, Bitcoin set its all-time high at the height of the crypto hype bubble, at a price of $20,000 per BTC. Since then, it’s gone through a painful bear market, and fallen to a low of $3,100 – an over 80% retracement from its peak to trough.

This year, Bitcoin made its first real attempt at setting a new record and brought savvy and risk-tolerant investors who bought the bottom as much as 350% gains at the…

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