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Bitcoin Analyst Sets $88,800 Target As BTC Breaks ATH 3 Days In A Row – Details

Press Releases Crypto News Bitcoinist Bitcoin Analyst Sets $88,800 Target As BTC Breaks ATH 3 Days In A Row – Details

Bitcoin is on a record-breaking run, reaching new all-time highs for three consecutive days following Donald Trump’s victory in the US election and a recent 25 basis point rate cut by the Federal Reserve. This combination of political and economic shifts has fueled a renewed wave of investor interest in BTC, driving prices into uncharted territory.

Top crypto analyst and investor Daan has shared an optimistic outlook, highlighting that BTC is now in price discovery mode with the potential for significant further upside to the $88,800 mark.

As Bitcoin rallies to new highs, the current bull trend appears to be in its early stages. Analysts and investors are closely watching BTC’s price action, with many expecting strong momentum as institutional demand surges. With key macroeconomic shifts favoring alternative assets, BTC is uniquely positioned to benefit, further supported by increasing volumes and heightened demand in U.S. markets.

The next few weeks will be crucial as Bitcoin tests new price levels and traders gauge just how far this bull run can go. As BTC enters price discovery, breaking prior resistance levels, the stage is set for a potentially transformative period, fueling optimism for both seasoned investors and newcomers to the crypto space.

Bitcoin Enters Price Discovery

Bitcoin has entered a new bullish phase, marking the start of a price discovery period after three consecutive days of consistently breaking all-time highs. This move has set a bullish tone not just for BTC but for the entire crypto market. As BTC pushes higher, it reinforces its position as the market leader, driving optimism and interest in altcoins as well.

Top analyst Daan recently shared a technical analysis on X, suggesting that Bitcoin’s next target in its price discovery phase is $88,888. He emphasized that while Bitcoin is unlikely to reach this target in a straight line, the bigger trend remains bullish, and the market has been waiting for this breakout for eight months. Daan cautioned that the journey to these higher levels will be bumpy, with volatility expected as the mar

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Author: Sebastian Villafuerte

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