Members of the crypto community gave a prediction for Bitcoin. We tell you what representatives of the crypto industry expect from the most capitalized coin.
Analyst Michael van de Popp believes that BTC has entered the first phase of a bull market. A similar situation, according to his observations, can be seen in altcoins. Popp accompanied his post with a screenshot of what he believes to be a visual demonstration of market phases. Now, a confident analyst, growth prospects are open for BTC. This is indicated by the analysis of the behavior of the coin in previous cycles after halvings.
As a reminder, the next bitcoin halving will take place in the spring of 2024. The event, according to the history of observations, could trigger a new cycle of BTC growth and direct the coin to renew the absolute maximum value.
Many members of the crypto community supported the positive outlook for Bitcoin. In particular, the CryptoCon analyst joined the optimists. According to his calculations, BTC has "headroom" up to $47,000. The level, he believes, can be reached in the summer of 2024. After that, the analyst does not rule out a correction to the area of $31,000 - the beginning of 2025.
Cryptoanalyst CrediBULL Crypto believes that this week BTC will realize a momentum that will send the coin to $40,000. He accompanied his bitcoin forecast with a graph marking the expected trajectory of the cryptocurrency's course.
Analyst Will Clemente supported the positive forecast. He drew attention to the inflow of capital through stablecoins. Changes, in his opinion, indicate the prospects of positive market dynamics.
However, not everyone sees the prospects for Bitcoin growth in the short term. For example, the trader Doctor Profit believes that the correction following the positive dynamics will allow BTC to return to the area of $34 thousand. The decline, in his opinion, should be used to open long positions.
"The market is overheated now. Correction is a matter of time," the trader wrote in his microblog.
Some market participants adhere to significantly more negative forecasts. Many investors consider it premature to talk about the final capitulation of the bears. In their opinion, excessive optimism is, on the contrary, a signal to sell cryptocurrency.
