Bitcoin price may exceed 50 thousand dollars: CryptoQuant report💯💛
On-chain data platform CryptoQuant stated that the Bitcoin value may exceed 50 thousand dollars by the beginning of 2024. The report also stated that 88 percent of the Bitcoin supply is in profit and therefore short-term correction movements may occur. Bitcoin One of the companies that expected a rise in Bitcoin price was CryptoQuant. The on-chain data platform stated that the largest cryptocurrency could rise to 50 thousand dollars by the beginning of 2024.
The company's estimate on this issue is based on the Metcalfe price valuation band measurement. This measurement; It determines the figures by taking into account metrics such as market value, transaction volume and user movements. According to the measurement, BTC price may be between 50 thousand and 53 thousand dollars by the beginning of next year:
“Bitcoin may target levels of $50,000 to $53,000 at the beginning of 2024. Network activity shows these figures
