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CATEGORY: bitcoin forecast


Mar 19, 2024 05:50

Binance CEO Now Expects Bitcoin Price to Top Earlier Estimate of $80K This Year

Binance CEO Richard Teng now expects the price of bitcoin to surpass his earlier estimate of $80,000 this year. The executive anticipates continued significant inflows into U.S. spot bitcoin exchange-traded funds (ETFs) as endowments and family offices increase bitcoin exposure in their investment portfolios. Binance CEO Teng’s Bitcoin Price Prediction Binance CEO Richard Teng shared [...]

The post Binance CEO Now Expects Bitcoin Price to Top Earlier Estimate of $80K This Year appeared first on Crypto Breaking News.

Oct 07, 2022 07:05

REALISTIC Bitcoin Price Prediction for October 2022 – Will Bitcoin Recover?

How will Bitcoin end the month of October 2022? Will Bitcoin recover? Let's analyze in this Bitcoin price prediction article.

Jun 25, 2022 02:25

THIS MUST HAPPEN for Bitcoin to go back UP!

Bitcoin jumped back up towards the 20K price area. What's next from here? Will Bitcoin go up or will Bitcoin price crash to 0? Let's assess.

Feb 11, 2022 12:10

JPMorgan Puts Bitcoin At $150,000 In The Long-Term, But What About Its ‘Fair Value’?

Bitcoin has been on another recovery trend since this past weekend. It has continued on this path which has seen its balance above $44K. For most, this is a low value given that the digital asset was at $69K a few months ago. However, for JPMorgan strategists, this is not the case. Even at the current price which bitcoin has struggled hard to attain, strategist Nikolaos Panigirtzoglou believes that BTC is still overvalued. Bitcoin Fair Value Is 12% Less In a recent research note from JPMorgan, strategist Nikolaos Panigirtzoglou and others share thoughts around bitcoin. Even though the strategists are not particularly bearish on the digital asset, given their long-term outlook, they still believe that bitcoin is slightly overvalued. However, the value which Panigirtzoglou places BTC at is not that far from its current price, so it may be that bitcoin is following closely to what is expected. Related Reading | Crypto Winter Is Thawing With Bitcoin And Ethereum Rebound Signal The team, led by Panigirtzoglou, places bitcoin’s ‘fair value’ at $38,000. The digital asset has since beaten this price point and left it in its rearview mirror, but the JPMorgan strategists say that this is where the asset should be trading at. The strategists calculate the fair value of bitcoin using its volatility compared to that of gold. Currently, BTC’s volatility is roughly four times that of gold. However, when this volatility differential narrows to three times that of gold, the strategist explains that its fair value will then rise to $50,000. “The biggest challenge for Bitcoin going forward is its volatility and the boom and bust cycles that hinder further institutional adoption,” the note read. BTC gains $1K in hours | Source: BTCUSD on TradingView.com Putting BTC At $150,000 JPMorgan has always held a more bullish outlook for bitcoin in the long-term compared to the short-term. Last year, the strategists had put the price of BTC in the long term at $146,000. This had come at a time when the bull rally was in full bloom. At the same time, the strategists had put the price of the digital asset at $73,000 in the short term, a price mark that the asset is yet to hit. Related Reading | Bitcoin Whales Wreck Bears, This Is What Happened Last Time They Were Active This time around, the strategists have moved up their expectations for the digital asset. Despite the bearish short-term outlook, the market strategists believe that bitcoin will go as high as $150,000 in the future. They, however, did not provide a time frame for this, but they have previously said that they expect BTC to hit $73,000 in 2022. Bitcoin has fluctuated between $43,000 and $44,000 in the past 24 hours. The asset fell as low as $43,600 in the early hours of Thursday but quickly picked back up, gaining over $1,000 in value in a matter of hours. It is currently trading at $44,631 at the time of this writing, up 2.36% in the last 24 hours. Featured image from The Guardian, chart from TradingView.com

Feb 06, 2024 05:50

Bitcoins 2024 Forecast: Analyst Predicts $60,000 Surge Before Halving And New ATH By Q4

Kevin Svenson, a prominent crypto analyst, has recently shared his 2024 price forecast for Bitcoin, providing a nuanced view of the expected trends in the coming months. Svensons analysis, which breaks down the year into distinct phases, offers a glimpse into the possible highs and lows that Bitcoin might experience. His predictions paint a picture [...]

The post Bitcoins 2024 Forecast: Analyst Predicts $60,000 Surge Before Halving And New ATH By Q4 appeared first on Crypto Breaking News.

Feb 29, 2024 05:50

Bitcoin Price Could Hit $250,000 Sooner Than Expected, Says Bitwise CEO

The chief executive of Bitwise Asset Management expects the price of bitcoin to hit $250,000 sooner than most people would imagine. Moreover, he believes that bitcoin is going to eat into gold’s total addressable market “faster than people expect.” He opined: “Bitcoin ETFs were bitcoin’s IPO moment. It’s now available to any investor with the [...]

The post Bitcoin Price Could Hit $250,000 Sooner Than Expected, Says Bitwise CEO appeared first on Crypto Breaking News.

Feb 20, 2024 05:55

Bitcoins Golden Projection: Analyst Envisions $600K Price Tag, Assessed In Gold Ounces

Renowned Bitcoin analyst PlanB, known for his stock-to-flow model for BTC, has made a bold prediction regarding the future price of BTC. What sets this forecast apart is its evaluation in terms of gold ounces, shedding light on a unique perspective. The PlanB Projection: Bitcoin Meteoric Rise According to PlanBs recent post on X, he [...]

The post Bitcoins Golden Projection: Analyst Envisions $600K Price Tag, Assessed In Gold Ounces appeared first on Crypto Breaking News.

Feb 20, 2024 05:55

Bitcoin Forecast: Analyst Predicts $58,000 Surge Before Halving, But Theres A Catch

As Bitcoin continues its bullish momentum, renowned analyst Michaël van de Poppe has offered an optimistic outlook on the cryptocurrencys price trajectory. Van de Poppe highlights the massive momentum behind Bitcoin, signalling a bullish trend in the market.  The analyst anticipates Bitcoin embarking on a final surge towards the $54,000 to $58,000 range, marking the [...]

The post Bitcoin Forecast: Analyst Predicts $58,000 Surge Before Halving, But Theres A Catch appeared first on Crypto Breaking News.

Dec 29, 2024 12:05

Is Bitcoin Ending 2024 On A High Note? Analysts Say This Level Is Key

As Bitcoin (BTC) continues to move sideways, investors wonder whether the flagship crypto will end the year positively or on a sour note. Some analysts suggest a close above recently lost levels could propel BTCs price to new highs. Related Reading: Analyst Forecast Highly Bullish 2025 For Ethereum: Is The Bleeding Over? Bitcoin’s Red Week, Green Year Since breaking past the long-awaited $100,000 barrier in early December, Bitcoin has seen two significant corrections to the lower zone of its one-month range. Throughout the month, the flagship cryptos price has traded between $90,000 and $108,000, hovering between $96,000 and $102,000 for most of December. However, since reaching its latest all-time high (ATH) of $108,353 ten days ago, Bitcoin has lost the $100,000 support zone, falling to its lowest price in weeks. Over the past week, BTC has struggled to reclaim the $98,000 support zone, losing its Christmas retest above this level on Thursday. Now, the largest crypto by market capitalization moves within the mid-zone of its monthly range, displaying a candle that doesn’t look great but also not the worst. Neutral, and still a few more days to go, as Altcoin Sherpa stated. The analyst suggested that Bitcoin could see some weird price action over the next few weeks with despair followed by an absolute moon mission and killer alt season. Meanwhile, Daan Crypto Trades called BTCs current price action the end of the year chop. He noted that as Bitcoin moves sideways, liquidity is building on both sides, with an area of interest below $94,000 and a key level above the $100,000 mark. Some investors asked the community to zoom out on BTCs chart, highlighting that the cryptocurrency remains within a historical range despite the horizontal trajectory. If Bitcoin were to end the year at its current price, it would still record a 48.15% return in Q4 and a 122% increase in the yearly timeframe. Bitcoin Risks Fall To One-Month Lows Analyst Carl Runefelt considers that investors should watch the $92,500 support zone, as breaking below that horizontal level could send BTCs price to $86,000. Similarly, Ali Martinez warned investors about a key level for BTC. Martinez asserted that investors dont want Bitcoin to dip below $92,730, explaining that it is essentially free fall territory if the flagship crypto loses that level. According to the analyst, the flagship crypto could fall as low as $70,000 if it loses the key support zone based on the UTXO Realized Price Distribution (URPD) chart. In a previous post, he explored a bearish outlook where BTC could fall as low as $60,000, noting that several experts forecasted a correction anywhere from 23% to 36% for BTC. Martinez considers a 25% crash to the $70,000 mark possible, as the URPD chart shows minimal support below the $93,806 and $92,730 zones. If this critical demand area doesn’t hold, we could see a sharp drop to $70,085, he warned. Related Reading: New Solana Memecoin Leader? PENGU Flips BONK Amid Whale Accumulation He also pointed out that Bitcoin broke below one of its most significant support zones at $97,300, which suggests a bearish outlook while it isnt reclaimed. However, the analyst asserted that this outlook would be invalidated if BTC has a sustained close above $97,300 and, more critically, a daily close above $100,000. Martinez added that reclaiming these levels could start the next leg toward the $168,000 target. As of this writing, Bitcoin is trading at $94,587, a 1.24% decrease in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

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