All articles tagged with #price outlook
Capital Economics predicts that gold prices will continue to decline into 2026, reaching $3,500 an ounce by the end of next year, citing factors such as limited central bank buying, waning demand in China, and doubts about the debasement trade, suggesting the recent rally was driven more by FOMO than fundamental strength.
Shiba Inu (SHIB) has experienced a significant increase in its token burn rate, with over 24.2 million tokens burned in the last 24 hours, marking a 61.02% surge. The community's active participation in burning tokens has led to around 410.7 trillion tokens being removed from the initial supply, indicating a commitment to the ecosystem. This surge in burn rate has coincided with a 3.18% increase in SHIB's price, hinting at a potential trend reversal, although market participants may wait for the Bitcoin halving event before major price movements are seen.
Bitcoin's price surged to a record high of $73,000 before dropping back to around $68,000, with experts predicting a bullish outlook despite short-term volatility. Analysts at Bernstein forecast a price of $150,000 by mid-2023, while Galaxy Digital CEO Michael Novogratz believes the price won't dip below $50,000 again. JPMorgan remains cautious, suggesting a potential 33% drop after the upcoming halving event, while Microstrategy CEO Michael Saylor sees bitcoin as a digital alternative to gold and expects dwindling supplies to drive further price increases.
Bitcoin's recent technical breakout suggests a potential 22% upside ahead, with Fairlead Strategies' Katie Stockton predicting a test of the "final" resistance at $64,900. The cryptocurrency's surge is attributed to the confirmation of a breakout above the $48,600 resistance level, reaching its highest level since November 2021. Short-term indicators hint at a period of consolidation, but the long-term momentum remains positive. Recent catalysts include the launch of spot bitcoin ETFs and the upcoming halving event in April, which has historically preceded significant rallies in the cryptocurrency. Michael Saylor's MicroStrategy also acquired an additional 3,000 bitcoins, expressing confidence in bitcoin's potential.
Fundstrat's Tom Lee predicts that the price of bitcoin could reach $500,000 in the next five years, driven by a potential demand boom from the approval of spot bitcoin ETFs by the SEC. This could lead to a range of $100,000 to $150,000 in the next 12 months, and up to $500,000 in the next five years, surpassing the current record high. Other analysts also have high expectations for bitcoin's price if spot bitcoin ETFs are approved, with Standard Chartered suggesting a potential rise to $200,000 by the end of 2025.
Standard Chartered predicts that Bitcoin's value could reach $100,000 by the end of 2024, citing the collapse of mid-tier US lenders as a reason for the cryptocurrency's outperformance. The bank also believes that Bitcoin's share of the total digital assets market cap could move into the 50-60% range in the next few months. The stabilization of risk assets and speculation that the Federal Reserve will ease monetary tightening further also contribute to the "pathway to the USD 100,000 level becoming clearer."