Despite the Bitcoin price consolidating between $65,000 and $68,000 over the past few days, analysts are increasingly optimistic about the potential for upward movement and new all-time highs for the largest cryptocurrency on the market in the coming months. Bitcoin Surge Regardless Of US Election Outcome In a recent social media post on X (formerly Twitter), market expert Timothy Peterson highlighted a basic trendline for the period 2023-2024, suggesting that current price behavior mirrors previous uptrend patterns. In his analysis, Peterson asserts that a move just above this trend could see Bitcoin reaching $100,000 within the next 90 days, a prediction he considers entirely reasonable. Related Reading: Ethereum Price At $10,000: Symmetrical Triangle Breakout Predicts Big Gains Peterson’s analysis indicates that a conservative estimate places Bitcoin at this milestone by February, regardless of the outcome of the upcoming US elections, which could also have a notable impact on BTC’s price performance. The expert also noted that BTC does not appear to be overvalued, making a drop below $60,000 increasingly unlikely, especially as the $66,000 support level has prevented a further correcti ..
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