{"id":473172,"date":"2024-01-18T09:05:17","date_gmt":"2024-01-18T09:05:17","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=473172"},"modified":"2024-01-18T22:00:50","modified_gmt":"2024-01-18T22:00:50","slug":"bitcoin-price-prediction-vaneck-says-btc-will-hit-new-ath-in-q4-as-analysts-say-this-bitcoin-derivative-might-be-the-best-crypto-to-buy-now","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-vaneck-says-btc-will-hit-new-ath-in-q4-as-analysts-say-this-bitcoin-derivative-might-be-the-best-crypto-to-buy-now","title":{"rendered":"Bitcoin Price Prediction: VanEck Says BTC Will Hit New ATH In Q4 As Analysts Say This Bitcoin Derivative Might Be The Best Crypto To Buy Now"},"content":{"rendered":"

The Bitcoin Price dropped 0.36% in the last 24 hours to <\/span>trade at $42,400<\/span><\/a> as of 7:40 a.m. EST, with daily trading volume plunging 17% to $20.21 billion.<\/span><\/p>\n

The slight price decrease comes as Matthew Sigel, VanEck’s Head of Digital Assets Research, expresses bullish sentiment on Bitcoin.<\/span><\/p>\n

During a <\/span>podcast<\/span><\/a>, Sigel said that Bitcoin could surge to an all-time high of around $69,044 in the fourth quarter of this year.<\/span><\/p>\n

“So this year looks like a solid year. We think Bitcoin will make an all-time high in Q4 like after a contentious election,” said Sigel.<\/span><\/p><\/blockquote>\n

Bitcoin Price Maintains Uptrend Within The Rising Channel<\/span><\/h2>\n
\"Bitcoin
BTCUSD Chart Analysis. Source: GeckoTerminal.com<\/figcaption><\/figure>\n

The Bitcoin price continues the bullish momentum, maintaining the current uptrend within the rising channel as the bear’s stance is rejected at the $41582 zone, coinciding with the lower boundary of the channel, presenting the opportunity for the bulls to regroup.<\/span><\/p>\n

If the bullish momentum sustains, the price could break above the $49,000 resistance level, recording a new high.<\/span><\/p>\n

Bitcoin Price Bulls Target To Reclaim $49,000 Mark<\/span><\/h2>\n

Bullish investors are targeting a breakthrough that could break beyond the $49,000 mark.<\/span><\/p>\n

The bullish momentum is evident, as prices are trading above the 50-day and 200-day simple moving averages (SMAs). A golden cross formed at the pivotal level of $28,500, a confirmation of the bullish sentiment.<\/span><\/p>\n

The relative strength index (RSI) remains over the 30 level, nearing the critical 50-midline level at 45, signaling that the market is preparing for a bull rally. If the bullish momentum continues, the RSI could rise to the 50 level, indicating overbought positions. <\/span><\/p>\n

However, if the bears intervene, the price could slip below the rising channel as $35,700 level fosters a safe landing spot for the bulls.<\/span><\/p>\n

Meanwhile, Bitcoin Minetrix (BTCMTX) might be an investment opportunity you do not want to miss with some analysts saying it may be the best crypto to buy right now.<\/span><\/p>\n

Bitcoin Minetrix Raises Over $8.7 Million, Aiming For The $9.5 Million Mark<\/span><\/h2>\n

The final stage of the <\/span>Bitcoin Minetrix (BTCMTX)<\/span><\/a> presale is closing in, with over $8.7 million in funding secured.<\/span><\/p>\n

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Big accomplishment for #BitcoinMinetrix<\/a>!<\/p>\n

Surpassing the $8,600,000 milestone! 🌐 pic.twitter.com\/r3i9wdtSbg<\/a><\/p>\n

— Bitcoinminetrix (@bitcoinminetrix) January 17, 2024<\/a><\/p><\/blockquote>\n