BTC Eyes $84,000 by Mid-September', Says Analyst

IconCryptoNewsTerminal Staff24 Aug, 2024

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BTC Eyes $84,000 by Mid-September', Says Analyst

Bitcoin (BTC) could hit $84,000 by mid-September, according to popular crypto trader Bluntz as reported by Daily Hodl. 'BTC has just broken its previous major resistance at $62,000. This means that BTC has likely ended its recent four-wave correction and has started the fifth and final wave up. According to Elliott Wave Theory, this should lead to a new all-time high (ATH) soon, potentially reaching as high as $84,000 by mid-September,' the analyst said. If Bluntz's prediction is correct, it would represent a significant increase from Bitcoin's current price of around $64,000. However, it is important to note that crypto markets are highly volatile and can change rapidly. As such, investors should always do their own research before making any investment decisions.

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