#BTC #BTC continues to impress, staying above $60,000 for over a week. This surge has analysts scrambling to update their price predictions. The Halving event which is going to April 2024, price of Bitcoin will be correct to 20% to 30%, which is my prediction around $42,000 to $60,000.
On-chain analyst frmnCapital is particularly optimistic, sees Bitcoin surpassing $100,000 within two years, thanks to giants like BlackRock and Fidelity potentially allocating a small portion of their assets to Bitcoin.
Others, recently upped the prediction to a staggering $200,000 by 2025, citing factors like increased institutional adoption and the upcoming Bitcoin halving event.
With ETF approvals adding fuel to the fire, most analysts are firmly bullish on Bitcoin. The sentiment is so strong, some predict $80,000 as a near-term target, because it looks like Bitcoin's ride to new highs isn't over yet.