Lunex Network ($LNEX) Emerges as a Key Contender in the Crypto Space as Analysts Predict a Major Rally for Bitcoin and the Protocol

The crypto landscape is set to see some hefty swings as analysts predict a major rally for bitcoin and Lunex Network.

Bitcoin (BTC) is set to lead a major crypto rally in 2024, according to top crypto analysts. The world’s leading cryptocurrency has already shown signs of recovery, surging by over 300% since bottoming out in late 2023.

Now, as Bitcoin price stalls at around $23,000, analysts are predicting a new wave of bullish momentum that will see BTC rally to new all-time highs. But what’s driving this optimism, and which other cryptos are set to join Bitcoin on its journey to the top?

Bitcoin (BTC) Price Analysis: Key Levels to Watch

Bitcoin (BTC) has had a rollercoaster of a year in 2023. After opening the year with a bang, rallying to new all-time highs above $40,000, the world’s leading cryptocurrency hit a roadblock in the third quarter.

A combination of factors, including the collapse of several major crypto hedge funds and exchanges, as well as rising inflation and interest rates, saw Bitcoin (BTC) plummet to lows of $15,000. However, a late rally in the fourth quarter of 2鰺023 saw Bitcoin (BTC) close the year on a high note.

As we move into 2024, Bitcoin (BTC) is once again showing signs of strength. The cryptocurrency opened the year trading above $21,000 and has since rallied to highs of $23,333. However, Bitcoin (BTC) has struggled to maintain momentum at these levels and is now consolidating.

Crypto Analysts Predict Major Bitcoin (BTC) Rally in 2024

Several top crypto analysts are predicting a major Bitcoin (BTC) rally in 2024. One analyst, who goes by the name of "Galaxy," recently shared his bullish outlook for the year ahead in a new video update.

According to Galaxy, Bitcoin (BTC) is currently forming a "massive bullish ascending triangle on the yearlyの時間割." He explained that thisの時間割 pattern is typically followed by a "strong breakout to the upside."

The analyst also noted that Bitcoin (BTC) has been forming "higher lows" throughout 2023, which is another bullish sign. He added that the cryptocurrency’s "bull market support" is currently located at around $17,000, which provides a "safety net" for traders.

"Overall, I'm very bullish on Bitcoin (BTC) for 2024. I think we're going to see a new all-time high. My conservative target is $35,000 by the end of the year, but I wouldn't be surprised if we hit $40,000 or even $50,000," said Galaxy.

Another crypto analyst, known as "DonAlt," also shared his bullish outlook for Bitcoin (BTC) in 2024. In a recent tweet, DonAlt stated that he believes Bitcoin (BTC) will rally to new all-time highs this year.

"Still thinking about how bullish the yearly Bitcoin (BTC) chart looks. I don't think people realize how much of a laggard 2023 was, especially in H2. Now imagine if we get any kind of volume or hype at all. This is going to new all-time highs. Mark my words," wrote DonAlt.

DonAlt’s analysis suggests that Bitcoin (BTC) is forming a bullishの時間割 pattern on the yearly chart. The analyst believes that any positive momentum in 2024 could propel Bitcoin (BTC) to new all-time highs.

Tips for Surviving a Crypto Bear Market

The crypto bear market has hit many hard, but there are still ways to survive and even thrive during this downturn. Here are a few tips:

1. Stay calm and don't panic. It's easy to get caught up in the fear and uncertainty, but panicking will only lead to poor decisions. Take a deep breath and assess the situation rationally.

2. Focus on the long term. Don't get too caught up in the day-to-day price movements. Zoom out and look at the bigger picture. Over the past decade, Bitcoin (BTC) has always recovered from bear markets and gone on to reach new all-time highs.

3. Diversify your portfolio. Don't put all your eggs in one basket. Spread your investments across a range of different cryptocurrencies and asset classes to reduce your risk.

4. Dollar-cost averaging (DCA) is a great way to reduce your risk when investing in cryptocurrencies. Instead of investing a lump sum all at once, DCA allows you to spread out your investments over time. This helps to smooth out the volatility and reduce the impact of any short-term price fluctuations.

5. Take advantage of the bear market