Bitcoin

<p>The post <a href="https://coinpedia.org/news/bitcoin-price-prediction-analyst-maps-potentials-highs-and-lows-for-btc-price/">Bitcoin Price Prediction: Brace for ETF Impact! Analyst Maps Key Levels to Watch</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>As tensions flare between Israel and Iran, <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/">Bitcoin</a> is experiencing a wild ride in the financial markets. It initially plummeted to $61,500 but has since bounced back to $65,342.71, showing a modest 1.5% increase and maintaining its solid $1.3 trillion market cap. Despite the turmoil, one thing remains clear: Bitcoin isn’t backing down, especially with the looming introduction of Exchange-Traded Funds (ETFs) into the market.</p> 
<p>Here’s exactly what it means for you. </p> 
<h2 class="wp-block-heading" id="h-the-etf-impact-soaring-price-predictions"><strong>The ETF Impact: Soaring Price Predictions</strong></h2> 
<p>In a recent series of insightful posts, crypto expert Willy Woo explored how the upcoming <a href="https://coinpedia.org/news/peter-schiffs-warning-legal-storm-clouds-over-bitcoin-etfs/">Bitcoin Exchange-Traded Funds (ETFs)</a> could shake up the cryptocurrency’s price trajectory. According to Woo’s analysis, these ETFs have the potential to send Bitcoin’s price soaring to unprecedented levels, capturing the attention of investors worldwide.</p> 
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   <p lang="en" dir="ltr">The new <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> ETFs brings price targets of $91k at the bear market bottom and $650k at the bull market top once ETF investors have fully deployed according to asset manager recommendations***. <br><br>These are very conservative numbers. <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> will beat gold cap when ETFs have…</p>— Willy Woo (@woonomic) <a href="https://twitter.com/woonomic/status/1779829797738438754?ref_src=twsrc%5Etfw">April 15, 2024</a>
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<p>Analysts are buzzing with anticipation as they await the full deployment of capital by ETF investors into Bitcoin. Woo predicts a remarkable price target of $91,000 at the lowest point of a bear market and an astounding $650,000 at the peak of a bull market. But these projections are just the beginning; Woo hints at Bitcoin’s potential to outshine even gold in terms of market capitalization once ETFs make their mark.</p> 
<p>An Alternate View: <a href="https://coinpedia.org/news/i-wont-invest-in-bitcoin-etfs-or-any-etfs-says-financial-guru-robert-kiyosaki-heres-why/">Rich Dad Poor Dad Author Rober Kiyosaki Refuses Investment in Bitcoin ETFs; Here’s Why</a></p> 
<p><strong>Breaking Down the Numbers </strong></p> 
<p>Woo’s forecasts aren’t mere speculation; they’re backed by thorough calculations and on-chain data analysis. By considering asset managers’ recommendation of a 2% allocation into Bitcoin, translating to roughly $2 trillion in investment, Woo envisions a total investment of $2.56 trillion in Bitcoin.</p> 
<h2 class="wp-block-heading" id="h-btc-analysis"><strong>BTC Analysis</strong></h2> 
<p>The analyst further employs the MVRV ratio, which compares market cap to money invested, to calculate potential market capitalizations for <a href="https://coinpedia.org/news/10x-research-says-bitcoin-miners-to-dump-5-billion-worth-of-btc-altcoin-to-drop/">Bitcoin</a>. He suggests that during bull market tops, this ratio reaches 5x, resulting in a capitalization of $12.8 trillion and a per-coin price of $650,000. Conversely, during bear market bottoms, the ratio drops to 0.7x, leading to a capitalization of $1.8 trillion and a per-coin price of $91,000.</p> 
<p>However, he acknowledges that these calculations represent a lower bound estimation, as they exclude other significant factors, such as current substantial self-custody inflows.</p> 
<p>Read More: <a href="https://coinpedia.org/price-analysis/bitcoin-ethereum-and-xrp-price-prediction-for-this-week-will-bears-dominate-halving-spree/">Bitcoin, Ethereum and XRP Price Prediction For This Week: Will Bears Dominate Halving Spree?</a></p> 
<p>Overall, Woo asserts that Bitcoin is poised to exceed gold’s market capitalization once asset manager capital has been fully deployed. Drawing a parallel with gold’s 12-year bull run following the approval of its ETF, he suggests that Bitcoin is now positioned for a similar trajectory.</p>

Bitcoin Price Prediction: Brace for ETF Impact! Analyst Maps Key Levels to Watch

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