Bitcoin poised for surge, analysts expect new all-time high

CoinMarketCap02:29

Bitcoin price has done modestly well this week as it soared to $66,000, rising to its highest level since July 31. Bitcoin moves into bull market Bitcoin (BTC) recovery coincided with the surge of the...

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The Dow Jones and the S&P 500 index have jumped to a record high, while the Nasdaq 100 is a few points below its all-time high.In a post on X.com, crypto analyst Miles Deutscher estimated that Bitcoin may continue rising in the near term, reaching a high of $81,000.He argued that the S&P 500 index, which tracks the biggest American companies, was up by 9% above its highest level this year. As such, he told his 541,000 followers that the coin would hit $81,000 if it caught up with equities as it has done in the past.Meanwhile, MicroStrategy has continued to accumulate Bitcoin. The firm’s founder, Michael Saylor, predicts that Bitcoin will rise to over $13 million by 2045. The company currently holds over 252,000 coins.Polymarket traders are betting that the coin will jump to a new","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SDS":"两倍做空标普500ETF","VOO":"Vanguard标普500ETF","SSO":"两倍做多标普500ETF","LU2430703095.HKD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (HKD) INC","BK4581":"高盛持仓","BK4504":"桥水持仓","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU1670628061.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) INC","BK4135":"资产管理与托管银行","LU2430703251.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (USD) INC","LU1509826696.USD":"FIDELITY GLOBAL DIVIDEND \"A\" (USD) INC B","SPXU":"三倍做空标普500ETF","LU0731783048.USD":"FIDELITY GLOBAL DIVIDEND \"A\" (USD) INC MONTHLY (G)","SH":"标普500反向ETF","OEX":"标普100",".SPX":"S&P 500 Index","LU0772969993.USD":"FIDELITY GLOBAL DIVIDEND \"A\" (USD) ACC","UPRO":"三倍做多标普500ETF","OEF":"标普100指数ETF-iShares","LU0742537680.HKD":"FIDELITY GLOBAL DIVIDEND \"A \" (HKD) INC","SPY":"标普500ETF","LU2592432038.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"A\" (USD) ACC","IVV":"标普500指数ETF","LU1670627923.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) ACC","MSTR":"MicroStrategy Incorporated","BLK":"贝莱德","BK4594":"比特币ETF概念","BK4534":"瑞士信贷持仓","BK4567":"ESG概念","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","IE00B3QW5Z07.USD":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (USD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","LU2505996681.GBP":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (GBPHDG) INC","IE00BGHQF748.EUR":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (EUR) ACC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","IE00BVYPNV92.GBP":"GUINNESS GLOBAL EQUITY INCOME \"C\" (GBP) ACC","LU2505996509.AUD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (AUDHDG) INC","BTC":"Grayscale Bitcoin Mini Trust","IE00BGHQF631.EUR":"GUINNESS GLOBAL EQUITY INCOME \"C\" (EUR) ACC","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","BK4559":"巴菲特持仓","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU0731783394.SGD":"Fidelity Global Dividend A-MINCOME(G)-SGD","BK4550":"红杉资本持仓","IE00B42XCP33.USD":"GUINNESS GLOBAL EQUITY INCOME \"C\" (USD) INC","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H"},"translate_title":"比特币有望飙升，分析师预计将创下历史新高","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BTC":1,"VOO":0.66,"BLK":0.66,"SPY":0.66,"SPXU":0.6,"MSTR":0.6,"UPRO":0.6,"SSO":0.6,"OEF":0.6,"OEX":0.6,"SDS":0.6,"SH":0.6,"ESmain":0.6,"IVV":0.6,".SPX":0.6},"content_text":"Bitcoin price has done modestly well this week as it soared to $66,000, rising to its highest level since July 31.\nBitcoin moves into bull market\nBitcoin (BTC) recovery coincided with the surge of the most risky assets like altcoins and equities. The Dow Jones and the S&P 500 index have jumped to a record high, while the Nasdaq 100 is a few points below its all-time high.\nIn a post on X.com, crypto analyst Miles Deutscher estimated that Bitcoin may continue rising in the near term, reaching a high of $81,000.\nHe argued that the S&P 500 index, which tracks the biggest American companies, was up by 9% above its highest level this year. As such, he told his 541,000 followers that the coin would hit $81,000 if it caught up with equities as it has done in the past.\n\n\n\n#Bitcoin could break ATHs way sooner than you think.The S&P 500 is now sitting 9% above its yearly high.$BTC is still lagging, 11% below its yearly high ($74k).If BTC catches up to stocks (9% above yearly high) – this would imply a BTC price of $81,000.The catchup begins. pic.twitter.com/VqpZ7oOrGg— Miles Deutscher (@milesdeutscher) September 28, 2024\n\n\n\nOther analysts are bullish on Bitcoin. In a recent note, analysts at BlackRock, the biggest asset manager in the world, referred to Bitcoin as a “unique diversifier” in a report on Sept. 17. \nThe New York-based firm argued that the top cryptocurrency was a unique asset that is uncorrelated with equities, especially in periods of elevated risks. \nYou might also like:  Blackrock makes its case for Bitcoin as its price stalls \nBlackRock has continued allocating Bitcoin in its balance sheet, a move that may inspire other firms to start buying. \nMeanwhile, MicroStrategy has continued to accumulate Bitcoin. The firm’s founder, Michael Saylor, predicts that Bitcoin will rise to over $13 million by 2045. The company currently holds over 252,000 coins. \nMC Consultunacy founder and self-proclaimed Bitcoin enthusiast Michael van de Poppe also noted that the coin would jump to between $90,000 and $100,000 by the end of the year. He cited the soaring global liquidity, which will increase as central banks slash interest rates.\n\n\n\nGold continues to push higher, while Silver has reached the highest price level in a decade.Global liquidity is significantly increasing and #Altcoins have barely started.Before the end of the year, we’re likely seeing #Bitcoin trading between $90,000-100,000.— Michaël van de Poppe (@CryptoMichNL) September 26, 2024\n\n\n\nSeasonality is also favoring Bitcoin in the near term. CoinGlass data shows that the average return in the fourth quarter is 88%, higher than the third quarter’s 6.3% and the second quarter’s 27%.\nOctober and November are usually the best months for the coin.\n\n\n  Bitcoin performance by month | Source: CoinGlass\n\n\nPolymarket traders are betting that the coin will jump to a new all-time high in 2024 — 63% odds.\nBitcoin technicals\n\n\n  Bitcoin price chart | Source: TradingView\n\n\nThe daily chart shows that Bitcoin has solid technicals. It has formed an inverse head and shoulders pattern, a popular bullish sign. It has also been forming a falling broadening wedge.\nBitcoin has avoided forming a death cross pattern, and has instead, moved above the 50-day and 200-day moving averages. The coin will need to move above the upper side of the wedge to continue the bullish trend and clear the year-to-date high of 73,777 to accelerate the recovery.\nYou might also like:  The Dreaded Death Cross and Shining Golden Cross","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.1","shortVersion":"4.28.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2471124020"}