Many have tried to predict the Bitcoin price – some successful and some not.
Not so long ago, we made a list of the top 5 Bitcoin price predictions since April 2023, but since making that list, there have been a few more that deserve attention.
Here are a couple of Bitcoin price predictions made only recently.
New Bitcoin All-Time High, but When?
The first prediction comes from a popular social media commentator who goes by the X handle BitQuant.
He observed that BTC’s price isn’t going to top out before the halving, but it will be reaching a new all-time high.
The commentator said that the price is unlikely to reach $160K “because the magnitude of every pullback is large.” According to this, the peak of the cryptocurrency will come after the halving, somewhere in 2024, and the price target for that is $250K.
Source: X
Short-Term Bitcoin Price Prediction
The next forecast was given by a market expert and co-founder of the popular cryptocurrency analytics resource – Glassnode.
He opined that the recent volatility was caused by the release of the US Consumer Price Index and that there are important levels ahead, with $27K being the most imminent one.
Nevertheless, he said that $30K seems like the most probable route for BTC:
Risk Signal’s nosedive into the 60s signifies this attitude shift. Profit booking pressure may loom around $27.4k and $28.2k, but this climb seems poised as a step before tackling the psychological barrier at $30k.
Source: X
The post The Most Recent Bitcoin Price Predictions appeared first on CryptoPotato.
[PRESS RELEASE – London, UK, 29th March 2023] Metacade, one of the most exciting GameFi ventures of 2023, has now raised over $14.7m as the presale goes into its final hours. With over 90% sold, the project expects to sell out ahead of their scheduled closing time, set for Friday 31st March at 23:59 Pacific…
[PRESS RELEASE – Victoria, Seychelles, April 24th, 2024] FOMO BULL CLUB, a decentralized, community-driven platform, is thrilled to announce the launch of its inaugural meme coin launchpad on the Base blockchain. This pioneering platform empowers the community to play a pivotal role in meme coin creation, launch, and protection from scams and rug pulls. With
In a first such attempt to counter lobby, the technologists wrote to the US lawmakers terming cryptocurrencies as “risky, flawed, and unproven digital financial instruments.” Counter-lobby Efforts As per the report by Financial Times, the 26 computer scientists and academics, including Harvard lecturer Bruce Schneier, former Microsoft engineer Miguel de Icaza and principal engineer at…
Some of the leading banks in Portugal, including Banco Comercial Portugues and Banco Santander, have reportedly shut down all of CriptoLoja’s accounts last week. The company is the first cryptocurrency exchange that received a license to operate in the country. Prior to that, Portugal’s authorities have displayed a predominantly crypto-friendly stance, rejecting two tax proposals…
Top Japanese financial bureaucrat Ryozo Himino thinks that promoting cryptocurrency trading will not necessarily accelerate technological innovation. Rather it will spark increased speculative trading, the regulator said. Himono has, therefore, cautioned against the same. Deregulating Bitcoin & Cryptocurrencies Will Fuel’ Speculative Trading’ As per a Reuters article, the Japanese Financial Services Agency boss has shared…
According to a recent publication, Chinese investors are using a lot of the ETH they buy on centralized exchanges to pursue DeFi opportunities. This essentially reduces liquidity, and exchanges are forced to limit or even suspend withdrawals. DeFi Growth In China Causes Issues For Exchanges The DeFi craze exploded earlier this year. Projects began surfacing…
According to Scam Sniffer, scammers stole $55 million worth of cryptocurrency in January alone and set up more than 11,000 phishing websites. Notably, most of these thefts occurred on the Ethereum mainnet, with Arbitrum, BNB, Optimism, and Polygon closely behind. Crypto Phishing Attacks Surged in January In a recent Feb. 9 thread on X, Scam
The Labor Department’s most recent Consumer Price Index (CPI) report showed headline inflation down for the first time since November 2020. Bitcoin’s price did not react kindly to the news, immediately descending to $29,000 before quickly recovering. Dissecting US Inflation Per the department’s figures released on Wednesday, CPI increased by 0.3% on a seasonally adjusted…
[PRESS RELEASE – Singapore, 15th September 2021] ExpX, a Balancer protocol powered by the affordable and quick transactions of the Binance smart chain (BSC) and advised strategically by DECA4 Advisory, are thrilled to announce a partnership with Luna PR, one of the most prominent and award-winning PR and marketing agencies. DECA4 Advisory has been ExpX’s strategic…
