What are the potential price targets for BTC?
The potential price targets for Bitcoin (BTC) are based on various analyses and predictions from different sources. Here’s a summary of the potential targets:
Short-Term Targets: Analysts predict that if BTC can maintain momentum and break above the $68,500 resistance level, it could aim for $70,000 and potentially $73,0001. However, a breakdown below $66,000 could lead to a further decline.
Mid-Term Targets: On-chain analysts have unveiled price targets for BTC, suggesting it could hit six figures in this cycle. Another analyst has kept their $91,500 Bitcoin target despite a hawkish tone from the Federal Reserve.
Long-Term Forecasts: Predictions for the year 2024 suggest a minimum price of $84,475.55, an average price of $87,676.23, and a maximum price of $96,546.343. By 2030, the value of BTC may increase by +5% and reach $90,922.914.
Market Sentiment: The current market sentiment is bullish, with technical indicators signaling about 86% bullish market sentiment on Bitcoin, while the Fear & Greed Index is displaying a score of 72 (Greed).
It’s important to note that these targets are speculative and based on current market analyses.
