BTC Price Prediction
BTC Price Prediction Sees Cycle Top At $180K
Bitcoin (BTC) price could gain another 150% during the current bull market cycle, according to Laurent Benayoun, the CEO of Acheron Trading and quantitative trading strategies expert.
Bitcoin price top at $180K?
The executive anticipates a potential cycle top of $180,000 for BTC price, based on a combination of factors, including the spot Bitcoin exchange-traded funds (ETFs), and the new supply reduction from the upcoming Bitcoin halving.
Benayoun explained:
“If we look at historical performance, with every cycle the multiple on the all-time is getting lower. So if we apply this reasoning it could be 2x to 3x what we saw in the previous cycles, so let's say around $120,000 to $180,000 per unit.”
Improving financial policy in the United States will also contribute to Bitcoin’s price appreciation, according to Benayoun:
“The market is pricing in a reduction in interest rates because they have been flatlining, so it’s reasonable to expect them to go down in the near future.”
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
