The crypto market has experienced significant volatility over the past month. As we enter the second month of the third quarter (Q3) 2024, a number of major developments are anticipated to occur.
This can have a substantial impact on the market and prices of crypto assets. Some of the effects are positive, while others are negative.
Bitcoin Price Ready to Set New ATH Record
Bitcoin is ready to reach an all-time high (ATH) price record. The price currently sits less than 13% below the US$73,800 mark. With strong momentum and positive sentiment surrounding the leading crypto asset, there is a chance that Bitcoin will soon surpass its previous price peak.
The BTC price was sitting at US$62,133 at the time of writing. At the same time, this asset is already in a bullish broadening descending channel pattern. This pattern projects a 21% rally, and while BTC may not rise very far, an ATH breakout could potentially materialize.
My prediction for the price of BTC on 08/08/2024 will be at $69,016
