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Btcpriceprediction

All articles tagged with #btcpriceprediction

cryptocurrency1 year ago•2 min saved

Bitcoin Soars Amid Trump-Driven Crypto Optimism

Bitcoin's price has surged to an all-time high of $93,120, driven by Donald Trump's election victory, rumors of a Bitcoin strategic reserve, and favorable US inflation data. Trading firm QCP predicts Bitcoin could reach $120,000, citing potential government shifts from gold to digital assets and a possible rate cut by the Federal Open Market Committee. However, QCP warns of risks from excessive leverage in altcoins. Other analysts, like VanEck's Matthew Sigel, are also optimistic, projecting Bitcoin could top $180,000 by next year.

via Bitcoinist|

#bitcoin #btcpriceprediction #cryptocurrency

cryptocurrency2 years ago•2 min saved

"Spot Bitcoin ETF Verdict Looms as Analysts and Asset Managers Weigh In"

A prominent crypto analyst, DonAlt, suggests that the best scenario for Bitcoin following a potential ETF approval would be a period of consolidation throughout early 2024, which he believes would be healthy for the market. He predicts that Bitcoin will not plummet below $20,000 but instead trade within a range, potentially oscillating around $40,000. DonAlt is bullish on Bitcoin's prospects, expecting it to reach $60,000 next year, though not surpassing that resistance level immediately. At the time of the report, Bitcoin's value stands at $42,097.

via The Daily Hodl|

##bitcoin #btcpriceprediction