With the crypto market outlook showcasing a bullish outlook, Bitcoin (BTC) price is set to move higher and obliterate the bearish sentiment. Ethereum (ETH), Ripple (XRP) and other coins also look primed for a move higher.<\/span><\/p>\n Crypto analysts are also suggesting<\/a> that Bitcoin is set to jump this week. Popular crypto analyst Kaleo adds that he is bullish as long as Bitcoin price trades below $70K. He noted that the real bull run for this cycle has not begun yet, showcasing his bias for the fourth quarter of 2024.<\/span><\/p>\n <\/p>\n I will continue to be as bullish as it takes to inject hopium directly into your veins while Bitcoin is trading beneath $70K.<\/p>\n We haven’t even seen the real bull market for this cycle yet.<\/p>\n \u2014 K A L E O (@CryptoKaleo) September 23, 2024<\/a><\/p>\n<\/blockquote>\n Trader Mayne, founder of Breakout Trading platform, posted on his Telegram channel how Bitcoin could hit $74K after a minor correction to the $60K region.\u00a0<\/span><\/p>\n <img decoding="async" width="2224" height="1600" class="size-full wp-image-217829" src="https:\/\/coingape.com\/wp-content\/uploads\/2024\/09\/j6l666Ha.png" alt="<\/p>\n <\/p>\n The weekly Bitcoin price chart shows clear signs of how significant the Relative Strength Index (RSI) is. Every single time the RSI breached a downtrend containing a series of lower highs and lower lows, it triggered a massive uptrend for BTC.\u00a0<\/span><\/p>\n The daily Bitcoin chart shows two clear imbalances formed at $62,338.46 and $62,338.46, which are good reversal levels. Furthermore, Trader Mayne\u2019s reversal zone also falls around the aforementioned levels.<\/span><\/p>\n <\/p>\n Mayne adds, <\/span><\/p>\n \u201cIf we are lucky enough to get a dip to the fresh OB it\u2019s a buy.\u201d<\/span><\/p>\n<\/blockquote>\n While the crypto market enthusiasm seems to be making a comeback, investors must note that there might be one or two more corrections ahead of us before the mega bull run kickstarts. Typically, the smart participants tend to flush early longs or eager bulls before sending the price higher.<\/span><\/p>\n <\/p>\n \n \tYes, analysts predict a price jump this week, with potential targets at $74,000.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n \n \tNo, according to analyst Kaleo, the real bull run has not started yet, expected in Q4 2024.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n \n \tWeekly RSI breakout, similar to previous uptrends in January and October 2023, and daily chart imbalances indicating reversal levels.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n <!– <\/p>\n –><\/p>\n \u2713 Share:<\/p>\nBitcoin Price Set to Shoot Higher This Week\u00a0<\/strong><\/h2>\n
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Bitcoin\u2019s Weekly RSI Forecasts Optimism\u00a0<\/strong><\/h2>\n
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![\"BTC\/USDT](\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/09\/BTCUSDT_2024-09-24_15-42-35.png\")
Bitcoin Daily Price Chart Forecasts Short-term Correction Before Uptrend<\/h2>\n
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![\"BTC\/USDT](\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/09\/BTCUSDT_2024-09-24_15-50-52.png\")
Frequently Asked Questions (FAQs)<\/h2>\n
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