Bitcoin Price Predictions: What the Experts Say
Many have tried to predict the Bitcoin price – some successful and some not. In this article, we will look at two recent predictions that are generating attention in the crypto community.
New Bitcoin All-Time High, but When?
A popular social media commentator known as BitQuant believes that BTC’s price will not reach its peak before the halving event. However, he predicts that it will eventually hit a new all-time high. BitQuant suggests that the price may not reach $160K due to significant pullbacks, but it could potentially reach $250K after the halving in 2024.
Short-Term Bitcoin Price Prediction
Glassnode co-founder, a well-known market expert in the cryptocurrency industry, offered his insights on the recent volatility of Bitcoin. He attributed the market fluctuations to the release of the US Consumer Price Index. According to him, important levels lie ahead for BTC, with $27K being a key level to watch. He further stated that $30K seems like the most likely price target for Bitcoin, with potential profit booking pressure around $27.4K and $28.2K.
Hot Take: Expert Insights on Bitcoin Price
As the Bitcoin market continues to evolve, experts offer their opinions on the future price of the cryptocurrency. While BitQuant predicts a new all-time high after the halving event in 2024, Glassnode’s co-founder sees $30K as a possible target in the short term. These predictions provide valuable insights for investors and enthusiasts, but it’s important to remember that the cryptocurrency market is highly volatile and unpredictable. Therefore, it is essential to conduct thorough research and consider various factors before making any investment decisions.
Owen Patter is a distinguished crypto analyst, accomplished researcher, and skilled editor, leaving a notable imprint on the cryptocurrency landscape. As a proficient crypto analyst and researcher, Owen delves into the intricate realms of digital assets, offering insights that resonate with a diverse audience. His analytical acuity is harmoniously paired with adept editorial skills, allowing him to transform complex crypto information into easily comprehensible content.