Bitcoin Expert Predictions

Bitcoin Expert Predictions, This Week

  • The end of the crypto winter could see Bitcoin (BTC) reaching $100,000 by year-end, according to a research report by Standard Chartered Bank. The climb may be driven by factors such as the recent banking sector crisis, which reinforced Bitcoin’s role as a decentralized, scarce digital asset. Cryptocurrency has benefited from being seen as a safe haven, store of value, and means of remittance.
  • Analyst ‘Credible’ believes that Bitcoin and digital asset markets are on track for new highs sooner than expected. He asserts that the recent pullback from $30,000 is a normal correction in a longer-term parabolic rally and that such pullbacks are healthy. He predicts that Bitcoin consolidating below $30,000 is its way of building a base before breaking through resistance, targeting around $45,000 by mid-July.
  • Markus Thielen, head of research and strategy at digital-asset investment firm Matrixport, predicts that Bitcoin will more than double its current price and reach around $65,623 by April 2024 due to the halving event.
  • Bloomberg Intelligence analyst Jamie Douglas Coutts believes that the market has already priced in 50% of the expected halving, with Bitcoin cycles bottoming around 12-18 months prior to the halving.

Bitcoin Expert Predictions, Last Week

  • Crypto analyst DonAlt believes that Bitcoin is at risk of experiencing a big sell-off since it has traded far below a key level. The analyst expects the high of the rally to be in if Bitcoin closes below $29,500 this week, potentially leading to $24,000 or even $20,000 levels.
  • On the other hand, quantitative analyst PlanB predicts that next year’s Bitcoin halving could send the cryptocurrency to new all-time highs, with the stock-to-flow Bitcoin model forecasting an increase of more than 1,847% from its current value.
  • According to Michaël van de Poppe (@CryptoMichNL), Bitcoin has lost crucial levels for continuation, such as $29,200, $28,700, and $27,700. These losses have further intensified the bearish sentiment in the market.
    • Given the current trend, it is essential to identify potential bounce zones where the market may find support and reverse the downtrend. Van de Poppe has outlined the following areas for potential bounce plays: $26,600-$26,900 to $28,700. In between these levels, there is no significant interest yet.

Bitcoin Expert Predictions, April 2023

Pseudonymous crypto trader Dave the Wave, who accurately predicted Bitcoin’s 2023 turnaround, forecasts that BTC could reach nearly $200,000 by the end of 2024. He believes that BTC’s price might peak at around $180,000 in December 2024, which would be a 7x return for that buying in the “buy zone.”

Read Bitcoin Price Prediction Today, 2023-2030

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Stocks. Please consult a registered investment advisor to guide you on your financial decisions.