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Bitcoin unlikely to see large-scale rally in the short term: Analysts expect a dip test, with prices potentially reaching the $53,000-$54,000 rangeDespite the July Consumer Price Index (CPI) rising 2.9% year-on-year and inflation easing for the fourth consecutive month, the market widely expects the Federal Reserve to begin cutting interest rates next month, which briefly pushed Bitcoin to $61,500

Top analysts say that Bitcoin (BTC) is "entering its first bull market stage"Bitcoin (BTC) is entering its first bull market stage, and current market sentiment is approaching ETF approval and halving is driving optimismTop market analyst Michael van de Poppe is optimistic about the state of the cryptocurrency market, with Bitcoin (BTC) showing strength and a series of repetitions reflecting its historic rebound.So far this year (YTD), the revenue generated by top tier tokens is amazing

Bitcoin (BTC) recently retested the upper boundary of the tilted flag shape within its daily time frame. At the same time, the second largest proof of workload (PoW) guarantees digital assets and the leading meme currency, Dog Coin (DOGE), are preparing for potential bullish breakthroughs

Bitcoin (BTC) prices have overcome all difficulties and remained within a positive trading range over the weekend, with many predicting a widespread market adjustment. The price of the first coin is 35121

Popular cryptocurrency analyst Ali Martinez recently revealed the bullish outlook for the meme inspired cryptocurrency dog coin ($DOGE) and pointed out that the token is breaking through its multi-year decline triangle on its weekly chart.This analyst pointed out that at the time of this breakthrough, the TDSequential indicator showed a buying signal for cryptocurrencies inspired by memes, which "reinforces the bullish outlook of DOE"

Ethereum (ETH) is the second largest cryptocurrency by market value and has attracted much attention due to its price trends. Famous cryptocurrency analyst Pentoshi revealed the price trajectory of the asset, indicating that if the current situation dominates, its value may rise

After the TerraLUNA network crash in 2022, Ethereum prices followed the overall market downward trend. As a result, the ETH price fell to a new cyclical low of $900 and then rebounded again

The current price of BTC is $33850, and the cumulative value of cryptocurrency exceeds $1.24 trillion

According to the analysis of cryptocurrency expert Ali Martinez, the price of Bitcoin may soon undergo a round of adjustment. Analysts have observed that a head and shoulder pattern may be forming on Bitcoin's daily chart and have pointed out the potential existence of this pattern

A cryptocurrency analyst recently made bold price predictions for the meme inspired cryptocurrency dog coin ($DOGE), indicating that it may soar by over 27000% in the near future, reaching the $16 per token mark.If the price of this meme inspired cryptocurrency skyrockets by 27000%, it will break the previous historical high

Cred, a popular cryptocurrency analyst, said that Bitcoin (BTC) may maintain an upward trend after a sudden rise. Cred stated in a YouTube video that if the leading cryptocurrency Bitcoin can remain above a significant level, it may indicate that the upward momentum of BTC is still continuing

As October approached, Bitcoin began to focus on the resistance level of $28000 and eventually broke through that level on the evening of October 16th. As of the writing of this article, the transaction price of Bitcoin is $28471, which has attracted widespread attention and analysis