Bitcoin

April

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-analysts-predict-market-targets" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Analysts Predict Market Targets</a><br></p>
<p style="text-align: justify">Bitcoin’s current price sits at $57,800, while altcoins remain stagnant due to an unfavorable market environment. Despite slow inflation rates, Germany continues to offload BTC. With less than 5,000 BTC remaining, the primary focus is now on the MTGOX situation.</p>
<h2 id="how-high-can-bitcoin-go">How High Can Bitcoin Go?</h2>
<p style="text-align: justify">Arsen, a well-known <a href="https://en.bitcoinhaber.net/current-trends-and-price-targets-for-leading-cryptocurrencies" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto analyst</a>, has identified the bull market target in his recent market <a href="https://newslinker.co" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">review</a>. He asserts that institutional investors and market experts, often referred to as ‘smart money,’ are accumulating Bitcoin, encouraging an upward trend. He highlights that the cyclical nature of Bitcoin, which operates on a four-year cycle, results in significant gains, drawing continued interest from seasoned investors.</p>
<p style="text-align: justify">For instance, Bitcoin’s first bull cycle in 2012 lasted 800 days, yielding a 90-fold price increase. The subsequent cycles in 2016 and 2020 also spanned approximately 800 days, with respective price increases of 30-fold and 12-fold.</p>
<h2 id="what-are-experts-predicting">What Are Experts Predicting?</h2>
<p style="text-align: justify">According to Arsen, Bitcoin’s current cycle could push the price to $330,000 per coin, implying a 450% increase. However, Bitcoin’s price is still at $57,700, despite hitting a new ATH level close to $74,000 about four months ago. This 23% drop is seen as normal in a bull market and does not endanger the cycle.</p>
<p style="text-align: justify">The CryptoQuant report corroborates that whale investors are buying Bitcoin as its price drops.</p>
<p style="text-align: justify">“Whale holdings have surged by 6.3%, marking the fastest monthly rise since April 12. The increase in whale holdings signals rising demand for Bitcoin,” the report states.</p>
<h2 id="key-takeaways-for-investors">Key Takeaways for Investors</h2>
<ul>
 <li>Bitcoin’s four-year cycles have resulted in substantial price gains historically.</li>
 <li>Current <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">market conditions</a> suggest potential for further accumulation by institutional investors.</li>
 <li>Whale activity indicates increased demand, which could signify future price growth.</li>
 <li>Market experts have varying short-term predictions, ranging from potential dips to significant gains.</li>
</ul>
<p style="text-align: justify">While some analysts are bullish, others like Markus Thielen from 10x Research anticipate a possible dip below $50,000 in the coming weeks. Another analyst, Poppe, expects a short-term drop to around $52,800.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-analysts-predict-market-targets" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Analysts Predict Market Targets</a></h5>

Bitcoin Analysts Predict Market Targets

Table of Contents

BH NEWS

Другие статьи, опубликованные 11 июл. 2024 г.

Top Digital Currencies for Long-Term Investment

Kraken and Atletico Madrid Team Up For Crypto Adoption Among Spanish Football Fans

Polkadot Decoded 2024: Uniting Innovators in Blockchain Technology

Crypto Analyst Urges Investors to Buy and Hold Ripple (XRP)

Polkadot (DOT) Price Jumps 5%, Gears Up to Cross Resistance Level

MoonBag, the Best Crypto Presale, Rockets Past Hedera and Bittensor in Crypto Presales

Join our free newsletter for daily crypto updates!