Is it worth selling Bitcoin now - expert opinion.
2024 can be called one of the most memorable years for the crypto community. This year, Bitcoin (BTC) reached a new all-time high of $7,370, and the US regulator finally approved Bitcoin spot funds (ETFs). However, analysts are divided on when BTC will be able to achieve even greater heights. For example, some call the current price of a cryptocurrency a buying opportunity. Forecasts differ because market participants are dealing with a cycle that began an upward trend earlier than all previous ones. This is the first time that Bitcoin reaches a new price record before the production of coins is halved.
When will Bitcoin reach a new cyclical high? The new record high price reached by Bitcoin on March 14 will not be a record for the year, according to three forecasts from investors and financial companies. Experts say that it can still grow by 60-370% compared to the current level, but in 2025. American investor Peter Brandt stated that his target for the current bull cycle has been raised from $120,000 to $200,000 per BTC. Considering the historical behavior of digital currency, this growth phase may last until September 2025. Against the backdrop of such long-term forecasts regarding the price of Bitcoin, investors are switching to capital assets. These tokens are capable of demonstrating strong growth in a shorter period, and they are already doing so. For example, over the past three months, BTC has risen in price by 60%, and the leading memcoin DOGE has risen by 110%. Moreover, the market’s attention is now focused on two new cryptocurrencies on the market. The first one is Dogecoin20 (DOGE20). This token wants to take advantage of the current craze for dog-themed meme coins while offering a green way to earn rewards. Dogecoin20 was released on the Ethereum network, so the project uses the Proof-of-Stake architecture, that is, it allows you to earn passive income through staking. Unlike its more energy-intensive predecessor Dogecoin, it also offers cheaper, faster and more secure transactions. Considering that pre-sales raised more than $10 million in two weeks, the developers decided to follow the DOGE philosophy of “do good every day.” The team has extended the pre-sale until April 20 to allow everyone to buy DOGE20 at a discount. This is how the creators want to celebrate “Doge Day” with the community.
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