2024

Bitcoin

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<ul> 
 <li>Analyst suggests a conservative prediction of $108,000 as Bitcoin (BTC) cycle top.</li> 
 <li>Other analysts weigh in and suggest much higher numbers.</li> 
 <li>One analyst says a big explosion will come in 1-6 months caused by RWA tokenization.</li> 
</ul> 
<p>As the crypto market slips into what is expected to be a steady lull of sideways movement, crypto analysts try to chart out the top for this Bitcoin (BTC) bull cycle. Of the many varying analysis’ one grabs the attention of the community today.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> Cycle Top Prediction! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/26f0.png" alt="⛰" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4a5.png" alt="💥" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Assuming that returns tend to diminish as a market matures, Fibonacci circles could give us a hint on what <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> price cycle top could be:<br><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/27a1.png" alt="➡" class="wp-smiley" style="height: 1em; max-height: 1em;"> $108,000.<br><br>It's a conservative price prediction. I think it'll exceed it.<br><br>What's your take? <a href="https://t.co/TS1KRMsXa3">pic.twitter.com/TS1KRMsXa3</a></p>— Titan of Crypto (@Washigorira) <a href="https://twitter.com/Washigorira/status/1788585500090994886?ref_src=twsrc%5Etfw">May 9, 2024</a>
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<p>According to this analysts’ prediction, the Bitcoin cycle top will take the price of $108,000 per Bitcoin (BTC). He says this will occur assuming that returns will diminish as the market matures. He also adds that the Fibonacci circle hints at the fact that Bitcoin (BTC) price could go even higher and marks this a conservative prediction.</p> 
<p>Responses to this prediction are highly bullish as many other members of the crypto community say higher targets are likely for this cycle’s bull market top. Another mentions $118,000 market top saying and possibly even $140,000.</p> 
<p>Meanwhile, another popular crypto market analyst goes on to list why a massive bull surge could take place in the coming few months. To highlight, he marks a long list of bullish market movements that could lead to an epic rally.</p> 
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> BREAKING <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>MASTERCARD, VISA AND MAJOR <br>OTHER US BANKS LIKE CITIGROUP <br>AND JP MORGAN ARE EXPLORING <br>TOKENIZED SETTLEMENTS USING <br>THE REGULATED SETTLEMENT <br>NETWORK.<br><br>I'M REPEATING THIS AGAIN<br><br>RWA AND TOKENIZATION IS GOING <br>TO BE MASSIVE NARRATIVE COZ IT<br>WILL UNLOCK TRILLIONS<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"></p>— Ash Crypto (@Ashcryptoreal) <a href="https://twitter.com/Ashcryptoreal/status/1788601998641701251?ref_src=twsrc%5Etfw">May 9, 2024</a>
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<p>Specifically, he mentions how Mastercard, Visa and other massive banks like Citigroup and JP Morgan are all exploring tokenized options for settlements via a regulated settlement network. While many expect this network to be XRP, the fact still remains.&nbsp;</p> 
<p>A huge explosion for crypto could arrive through RWA tokenization and the market could unlock trillions. The same analyst mentions that <a href="https://twitter.com/Ashcryptoreal/status/1788873562054357225" target="_blank" rel="noreferrer noopener nofollow">$2 billion worth of Bitcoin and Ethereum options</a> will expire today.</p> 
<p>Despite the analyst expecting a massive surge to arrive now, <a href="https://twitter.com/caprioleio/status/1788530535599407598" target="_blank" rel="noreferrer noopener nofollow">another analyst</a> mentions that this is the start of a <a href="https://cryptonewsland.com/bullish-bitcoin-promise-amidst-incoming-btc-supply-shock-could-trigger-grand-spike-for-altcoins/" target="_blank" rel="noreferrer noopener">long and boring sideways movement</a>. According to him, the next 1-6 months could be slow and create the illusion of the end of the bull market. However, it is important to remain patient because the <a href="https://cryptonewsland.com/renowned-analyst-doctor-profit-unveils-latest-bitcoin-market-insights/" target="_blank" rel="noreferrer noopener">peak and mega rally</a> are still on the way.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4> 
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/bitcoins-boring-sideways-movement-around-30000/">Bitcoin’s Boring Sideways Movement Around $30,000, Lower Pool in Sight</a></li>
 <li><a href="https://cryptonewsland.com/xrp-lawyer-deaton-teases-major-announcement-amid-ripple-sec-battle/">XRP Lawyer Deaton Teases Major Announcement Amid Ripple-SEC Battle</a></li>
 <li><a href="https://cryptonewsland.com/shib-coin-price-analysis-sideways-trading-or-a-rally-to-0-000015-zone/">SHIB Coin Price Analysis: Sideways Trading or a Rally to $0.000015 Zone?</a></li>
 <li><a href="https://cryptonewsland.com/bullish-bitcoin-promise-amidst-incoming-btc-supply-shock-could-trigger-grand-spike-for-altcoins/">Bullish Bitcoin Promise Amidst Incoming BTC Supply Shock Could Trigger Grand Spike for Altcoins</a></li>
 <li><a href="https://cryptonewsland.com/usdc-overtakes-usdt-will-circle-join-the-xrp-ledger-soon-and-will-elon-musks-xpayments-complete-the-circle/">USDC Overtakes USDT, Will Circle Join the XRP Ledger Soon and Will Elon Musk’s XPayments Complete the Circle?</a></li>
</ul>    
<p>The post <a href="https://cryptonewsland.com/bitcoin-btc-cycle-top-prediction-places-the-pioneer-crypto-asset-at-108000-and-possibly-even-higher/">Bitcoin (BTC) Cycle Top Prediction Places the Pioneer Crypto Asset at $108,000 and Possibly Even Higher</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Bitcoin (BTC) Cycle Top Prediction Places the Pioneer Crypto Asset at $108,000 and Possibly Even Higher

Crypto News Land

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