Bitcoin Analysts Predict Breakout to $100,000 as BTC Hits Bullish Indicators2. “BTC Price 

• Analysts see Bitcoin on track for a $99,000–$100,000 price breakout as strong Q4 indicators drive BTC upward.
• The crypto asset’s volatility suggests upward momentum, with analysts expecting BTC to reach new ATH ranges by year-end.
• Experts urge caution on leverage shorts, citing BTC’s bullish macro trend and potential price surges into uncharted territory.

Bitcoin (BTC) continues to show promising momentum, moving within the higher range of $60,000 and now targeting $67,000. Analysts tracking BTC’s price movement report strong bullish indicators, with October’s trends hinting at significant price increases as the asset enters Q4. Consequently, many anticipate an approaching all-time high (ATH) target between $99,000 and $100,000, a breakthrough level that could arrive sooner than expected.

Bitcoin Prepares for a New ATH Near $100,000

Notably, analysts foresee BTC breaking through to its previous ATH levels in the coming weeks, followed by an entry into price discovery mode. This trajectory could push BTC towards a high of $100,000 to $150,000 by the end of Q4, sparking optimism for continued growth. As BTC aims for a cycle peak, forecasts for 2024 have placed top levels as high as $220,000, with some bold predictions reaching $550,000.

With this macro bullish trend, one seasoned analyst projects that BTC is nearing a significant upward shift. By examining price charts, he concludes that a solid price breakout towards $99,000 to $100,000 is not only possible but likely within the final quarter of this year. This target represents a substantial move for Bitcoin, reflecting confidence in a strong bull market rally through Q4.

Analysts Advise Against Shorting BTC Amid Bull Market

Besides the breakout forecast, analysts caution traders against leveraging short positions during this bullish phase. Due to Bitcoin’s volatility, attempts to short the asset during temporary price dips may lead to considerable risk, especially as BTC’s current market trend shows strong upward momentum. Consequently, some experts advise avoiding leveraged shorts and instead opting for spot trading when recalibrating stablecoin holdings, reducing the risk of unfavorable market timing.

One analyst highlights that timing can be tricky even with high confidence in potential dips. He notes that even a slight mistiming of one or two days could result in significant losses for short-sellers using leverage. In a volatile bull market, Bitcoin’s price is expected to move unpredictably within its range, with spot selling offering a safer approach compared to shorting with leverage.

Bullish Sentiment Continues as BTC Maintains Macro Trend

Significantly, analysts underscore that the current market landscape strongly favors BTC’s bullish outlook. They emphasize that, for most traders, shorting Bitcoin remains risky while the macro trend stays positive. During this bull phase, holding BTC or engaging in spot selling, without the leverage risk, can be a more prudent strategy.