Many have tried to predict the Bitcoin price – some successful and some not.
Not so long ago, we made a list of the top 5 Bitcoin price predictions since April 2023, but since making that list, there have been a few more that deserve attention.
Here are a couple of Bitcoin price predictions made only recently.
New Bitcoin All-Time High, but When?
The first prediction comes from a popular social media commentator who goes by the X handle BitQuant.
He observed that BTC’s price isn’t going to top out before the halving, but it will be reaching a new all-time high.
The commentator said that the price is unlikely to reach $160K “because the magnitude of every pullback is large.” According to this, the peak of the cryptocurrency will come after the halving, somewhere in 2024, and the price target for that is $250K.
Source: X
Short-Term Bitcoin Price Prediction
The next forecast was given by a market expert and co-founder of the popular cryptocurrency analytics resource – Glassnode.
He opined that the recent volatility was caused by the release of the US Consumer Price Index and that there are important levels ahead, with $27K being the most imminent one.
Nevertheless, he said that $30K seems like the most probable route for BTC:
Risk Signal’s nosedive into the 60s signifies this attitude shift. Profit booking pressure may loom around $27.4k and $28.2k, but this climb seems poised as a step before tackling the psychological barrier at $30k.
Source: X
The post The Most Recent Bitcoin Price Predictions appeared first on CryptoPotato.
Gary Gensler – Chairman of the Securities and Exchange Commission (SEC) – spoke about crypto during the RFK Human Rights Compass Summer Investors Conference on Tuesday. He cautioned the public about the returns that some companies within the crypto space are promising, which he views as “too good to be true.” Too Good to be…
Rishi Ramchandani – a former executive at the bankrupt crypto platform BlockFi – became the APAC Web3 Lead of Google. The world’s largest search engine argued earlier this year that Web3 is a market that demonstrates “tremendous potential” and established a dedicated team. Finding Shelter in Google In a recent post on LinkedIn, Ramchandani said he…
TL;DR John McAfee has become one of the best-known Bitcoin supporters in the last year, but his story goes far deeper than being a crypto expert. He is considered to be one of the most controversial figures in the world of crypto and technology, with countless ups and downs throughout his life. His career included…
Ripple’s price has broken above a critical resistance level on the XRP/USD paired chart, which could initiate a rally in the coming days. Yet, it could still be too early to state that the bear market is over. Technical Analysis By: Edris XRP/USD Daily Chart On the USDT paired chart, the price has broken above…
Bitcoin was recovering from the severe $450 quick dump just two days ago. Seems like a temporary cease-fire. It’s either because of the weekend or any other reason. Not a lot happening, the range is very tight. The interesting thing to keep an eye on is the difference in BTC value between Bitfinex and the other…
Despite growing in price and popularity in the past few months, bitcoin still far away from receiving attention from the masses. A recent study compiled in the UK concluded that only 10% of the participants had purchased BTC, with Londoners being most akin to bitcoin exposure. 10% Of UK Citizens Bought BTC Following the latest…
Brazil’s Securities and Exchange Commission (CVM) has approved the country’s first Solana-based exchange-traded fund (ETF). The approval, granted on August 7, positions Brazil ahead of other countries, particularly the United States, where the process of approving Solana ETFs remains in its early stages with uncertain prospects. Brazil’s Solana ETF Receives Preliminary Approval According to Exame
The rise and fall of the Terra blockchain and family of related tokens is both one of the most convoluted and one of the most important stories happening in crypto right now. Assembled here is a plaintext explanation of what Terraform Labs built, why it got so big, why it imploded, what it means for…
April was a bloody month for crypto, and especially for Ethereum. The ETH price fell from its month’s highest level at $3580 to $2700 last night. Can we expect May to perform better? Technical Analysis Technical Analysis By Grizzly The Daily Chart The following chart shows perpetuals’ exchange data from FTX. ETH is trading on top…
