Where is the peak of Bitcoin this cycle? Expert aiming for 180,000 USD mark!
According to Laurent Benayoun - CEO of Acheron Trading, Bitcoin price could increase by 150% during the current bull cycle.
This prediction is based on the following factors:
- Spot BTC ETF: The emergence of Spot BTC ETF funds will attract more investors, increasing demand.
- Upcoming Bitcoin Halving: The halving event (halving the Bitcoin mining reward) will limit the supply, pushing up the price.
Bitcoin's Potential Peak:
Based on historical performance, Bitcoin could reach 2-3 times the previous ATH (All-Time High - historical peak), equivalent to $120,000 to $180,000.
Other Bitcoin price predictions:
- Bitfinex analysts predict Bitcoin will reach $100,000 to $120,000 by the end of 2024.
- Asset management company Bernstein predicts Bitcoin will reach $150,000 around mid-2025, after the halving event. Analyst Willy Woo set a more ambitious target, with a peak of $337,000 for Bitcoin.
- Cathie Wood, CEO of Ark Invest, predicts Bitcoin will reach $1 million by 2030.
Note: These are just predictions and analysis, the content is for reference only and is not investment advice.
🎯 Bitcoin (BTC) surpassed the $70,000 mark on March 25, after a volatile week prior. Bitcoin price increased more than 6.3% compared to last week, currently trading around $70,800.
Source: Tradecoinvn.com
