2024

Bitcoin

<p>The post <a href="https://coinpedia.org/news/bitcoin-price-predictions-soar-cryptoquant-ceo-forecasts-265k-surge/" rel="noopener noreferrer nofollow">Bitcoin Price Predictions Soar: CryptoQuant CEO Forecasts $265K Surge&nbsp;</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The year 2024 has seen significant momentum for <a href="https://markets.coinpedia.org/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a>, as prices reached impressive highs but also witnessed recent downturns. In spite of challenges like market volatility and regulatory scrutiny, Bitcoin continued to show resilience and promising growth. <a href="https://coinpedia.org/news/bitcoin-faces-billion-long-liquidations-below-62k-whats-next/" target="_blank" rel="noopener noreferrer nofollow">Despite Bitcoin’s recent downturn</a> below $62,000, industry experts remain bullish on its future trajectory. CryptoQuant CEO Ki Young Ju is among those optimistic voices. He predicts a Bitcoin surge to $265,000. In fact, Bitcoin’s network resilience and underlying fundamentals are the causes of Ju’s confidence.</p>
<h2 class="wp-block-heading" id="h-ju-s-analysis-network-strength-supports-growth"><strong>Ju’s Analysis: Network Strength Supports Growth</strong></h2>
<p>In a recent post, Ju highlighted the network fundamentals of Bitcoin’s, suggesting that they could support a market cap 3x larger than the peak of the previous cycle. As evidence, he marked out the Hashrate/market cap ratio that currently stands at 2 billion. Bitcoin’s market cap is sitting at $1.22 trillion and its price is currently hanging below $62,000. However, Ju’s prediction indicates substantial growth potential.</p>
<h2 class="wp-block-heading" id="h-planb-s-bitcoin-analysis-echoing-optimism"><strong>PlanB’s Bitcoin Analysis: Echoing Optimism</strong></h2>
<p>Renowned crypto analyst PlanB has agreed to Ju’s optimistic sentiment regarding Bitcoin surge. PlanB noted in an analysis that although <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin’s price</a> averaged around $34,000 during the 2020-2024 Halving period, it meets the expectations. In fact, it fell short of the $55,000 forecasted by the S2F model in 2019. This figure continues to hold significance in 2024, considering the historical accuracy of the model.</p>
<h2 class="wp-block-heading" id="h-planb-s-updated-s2f-model-impressive-projections"><strong>PlanB’s Updated S2F Model: Impressive Projections</strong></h2>
<p>PlanB’s updated S2F model currently shows an impressive price target of $477,665 for the 2024-2028 Halving cycle. Therefore, it indicates a significant 670% surge from current levels. Further, based on his analysis, PlanB believes that Bitcoin could reach an impressive $4.13 million in the 2028-2032 BTC Halving cycle!</p>
<p>Also Check Out: <a href="https://coinpedia.org/news/bitcoin-rebound-whats-its-impact-on-top-cryptos/" rel="noopener noreferrer nofollow">Bitcoin Rebound: What’s Its Impact on Top Cryptos</a></p>

Bitcoin Price Predictions Soar: CryptoQuant CEO Forecasts $265K Surge

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