Bitcoin

<p>With Bitcoin trading around $29,000 to $30,000 currently, analysts like Crypto Rover and Stockmoney Lizards see signs of a bullish resurgence incoming. Both make the case for Bitcoin hitting $40K based on key catalysts and chart patterns.</p>
<h2 class="wp-block-heading" id="40k-in-70-days">$40K in 70 Days</h2>
<p>Crypto Rover predicts Bitcoin will <a href="https://twitter.com/rovercrc/status/1714933086050308189?t=32D7gQ0HliPmhRv_6lgjhw&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">reach</a> $40K <em>“in the coming 70 days.”</em> This outlook is based on an expectation of massive inflows from a Bitcoin spot ETF approval. They estimate up to $300 billion could enter Bitcoin markets in the first year after an ETF launch.</p>
<p>Given Grayscale’s recent legal win, Rover believes SEC rejection of a spot ETF is unlikely. With deadlines for proposed ETFs like ARK in early 2023, this buying pressure could propel Bitcoin’s price substantially higher from current levels around $29k-$30k. A $40K target is viewed as an achievable milestone enroute to $100K.</p>
<h2 class="wp-block-heading" id="chart-targets-align-with-45k-50k">Chart Targets Align With $45K-$50K</h2>
<p>Stockmoney Lizards also <a href="https://twitter.com/StockmoneyL/status/1714994275870535768?t=3pNyaa90zSTiHJhto4Pi7A&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">sees</a> $40K-$50K as a feasible target for this cycle’s pre-halving peak. Their analysis relies on Fibonacci extension levels that proved prescient in the past bull run.</p>
<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="510" src="https://captainaltcoin.com/wp-content/uploads/2023/10/image-525-1024x510.png" alt="" class="wp-image-360322" srcset="https://captainaltcoin.com/wp-content/uploads/2023/10/image-525-1024x510.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-525-300x149.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-525-767x382.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-525-1536x765.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-525-2048x1019.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-525-301x150.png 301w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-525-100x50.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-525-703x350.png 703w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-525-788x392.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-525.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Beyond that, they forecast Bitcoin tapping $200K+ at the cycle peak in 2025-2026 based on the same technical indicators.</p>
<h2 class="wp-block-heading" id="confluence-of-signs-point-to-upside">Confluence of Signs Point to Upside</h2>
<p>While timelines vary, the convergent upside targets from these analysts provide corroboration. The confluence of on-chain activity, technicals, and a potential ETF catalyst signals Bitcoin could exit its bear market slump and make a run at $40K in coming months.</p>
<p>If these projections materialize, 2023 could see Bitcoin regain its bullish trajectory enroute to reclaiming all-time highs by the next halving and cycle peak. For investors, these analyst targets provide hope that better days may be ahead after a brutal bear trend.</p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>74% of retail CFD accounts lose money.</strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/analysts-reveal-when-bitcoin-btc-will-reach-40k-and-200k-here-is-their-timeline/">Analysts Reveal When Bitcoin (BTC) Will Reach 40k and 200k: Here Are Their Timelines</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Analysts Reveal When Bitcoin (BTC) Will Reach 40k and 200k: Here Are Their Timelines

Table of Contents

CaptainAltcoin

Other articles published on Oct 20, 2023

How decentralization can mitigate 'dystopic' artificial intelligence risks: SingularityNET exec

Steady influx of stablecoins helps fuel Bitcoin price surge

Creator of BAYC Yuga Labs completes reorganization to concentrate on the metaverse

Massive Russian telecom company MTS has announced a new marketing service aimed at Telegram users.

European Union 2024 Election at Risk from AI Threats, Warns EU Cybersecurity Agency

GuildFi (GF) Price Prediction 2024, 2025, 2030, 2040, and 2050

Join our free newsletter for daily crypto updates!