Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoins-bull-run-soars-as-projections-aim-for-record-highs" rel="noopener noreferrer nofollow">Bitcoin’s Bull Run Soars as Projections Aim for Record Highs</a><br></p>
<p style="text-align: justify">The current <a href="https://en.bitcoinhaber.net/bitcoin-price-leap-spurs-corporate-crypto-acquisition" rel="noopener noreferrer nofollow">Bitcoin</a> bull market is exhibiting strong momentum, with the <a href="https://en.bitcoinhaber.net/exploring-the-highs-and-lows-of-crypto-analyst-predictions" rel="noopener noreferrer nofollow">cryptocurrency</a> reaching new all-time highs even without the stimulus of a halving event. This development has triggered speculation that the ongoing rally might surpass previous market upswings in magnitude. Analysts and investors are now focusing on how high Bitcoin’s price could soar during this cycle.</p>
<h2 id="expert-analysis-sets-sky-high-targets-for-bitcoin">Expert Analysis Sets Sky-High Targets for Bitcoin</h2>
<p style="text-align: justify">Trade strategist and CEO Laurent Benayoun of Acheron Trading suggests that Bitcoin’s price could climb more than 150% above its current levels. He believes that the anticipated supply reduction from the next Bitcoin halving will contribute to this substantial increase. His optimistic forecast places Bitcoin at $180,000 per unit, grounding his expectations in the coin’s historical performance and acknowledging a diminishing multiplier effect with each successive cycle.</p>
<p style="text-align: justify">Benayoun isn’t alone in his bullish outlook. Bitfinex analysts also predict that Bitcoin will reach values between $100,000 and $120,000 by the fourth quarter of 2024. They anticipate the peak of the cycle to occur in 2025, with Exchange Traded Funds (ETFs) fueling consistent demand. Additionally, asset management behemoth Bernstein projects a mid-2025 target of $150,000 for Bitcoin.</p>
<h2 id="the-role-of-macroeconomic-factors">The Role of Macroeconomic Factors</h2>
<p style="text-align: justify">Benayoun also expresses a positive view on the possible effects of the Federal Reserve’s interest rate policy on Bitcoin’s valuation. He expects the anticipated rate cuts, which could total 75 basis points this year, to act as a significant catalyst for price increases. Such macroeconomic conditions appear to be aligned with the bullish sentiments shared by analysts and experts in the field.</p>
<p style="text-align: justify">Meanwhile, prominent analyst Willy Woo points to a more ambitious peak target, suggesting Bitcoin could reach up to $337,000. Woo correlates the current price surge to the peak of the previous cycle and implies a larger growth potential ahead. With multiple experts sharing heightened expectations, the cryptocurrency community looks toward a potentially record-setting bull market for Bitcoin.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoins-bull-run-soars-as-projections-aim-for-record-highs" rel="noopener noreferrer nofollow">Bitcoin’s Bull Run Soars as Projections Aim for Record Highs</a></h5>

Bitcoin’s Bull Run Soars as Projections Aim for Record Highs

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