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<p>Crypto expert popularly known as KSI has shared his thoughts on how the <a href="https://bitcoinist.com/bitcoin-breaks-through-69000-setting-new-record/" rel="nofollow">Bitcoin price</a> could progress until the peak of this bull cycle. Based on his prediction, the flagship crypto could experience <a href="https://www.newsbtc.com/news/bitcoin/bitcoin-price-crash-10-69000/">significant dips</a> on its way to a <a href="https://www.newsbtc.com/news/bitcoin/bitcoin-100000-cardano-dead/#:~:text=Why%20Cardano%20Is%20Dead,non%2Dexistent%E2%80%9D%20on%20it.">new all-time high of $100,000</a>.&nbsp;</p> 
<h2 id="80-000-could-be-next-for-bitcoin">$80,000 Could Be Next For Bitcoin</h2> 
<p>KSI mentioned in an X (formerly Twitter) <a href="https://x.com/ksicrypto/status/1771933873565282424?s=20" rel="nofollow">post</a> that Bitcoin could rise to between $73,000 and $80,000 from here. However, a <a href="https://www.newsbtc.com/news/bitcoin/bitcoin-new-ath-by-year-end/">correction could quickly follow</a>, as the crypto analyst remarked that Bitcoin would drop to between $50,000 and $60,000 afterwards. KSI added that it would be a “boring red summer,” suggesting that BTC’s price won’t be encouraging during that period.&nbsp;</p> 
<p>KSI claimed that things would then pick up again in the winter. He also stated that Bitcoin could hit $100,000 by the beginning of 2025 or even before the end of this year. With his prediction, KSI joins a list of analysts who have predicted that Bitcoin could <a href="https://bitcoinist.com/bitcoin-analyst-sees-100k-before-halving/" rel="nofollow">hit the $100,000 mark</a> before the year runs out.&nbsp;</p> 
<p>Tom Dunleavy, Partner and Chief Investment Officer (CIO) at MV Capital, <a href="https://www.newsbtc.com/news/bitcoin/bitcoin-100000-cardano-dead/#:~:text=Why%20Cardano%20Is%20Dead,non%2Dexistent%E2%80%9D%20on%20it.">previously stated</a> that BTC would rise to that price level this year. Meanwhile, Standard Chartered <a href="https://www.newsbtc.com/news/mark-your-calendars-bitcoin-to-hit-100000-by-end-of-2024-standard-chartered-says/">initially predicted </a>that Bitcoin would hit $100,000 by year-end before taking a more bullish stance and predicting that the flagship crypto would hit $150,000 by the end of 2024.&nbsp;</p> 
<h2 id="what-to-expect-from-btc-s-price">What To Expect From BTC’s Price</h2> 
<p>KSI’s prediction also echoes the sentiments of crypto analyst Rekt Capital. In a <a href="https://www.newsbtc.com/news/bitcoin/bitcoin-price-crash-10-69000/">recent analysis</a>, Rekt Capital mentioned that Bitcoin would enter a “multi-month re-accumulation” after the Bitcoin Halving, which could last up to five months. The crypto analyst noted that this period is usually characterized by Bitcoin’s tepid price movement.&nbsp;</p> 
<p>Once that phase was over, Rekt Capital revealed that Bitcoin would break out from the re-accumulation area and make a parabolic move. This is said to be when BTC experiences “accelerated growth into a parabolic uptrend.” This phase lasts over a year, but Rekt Capital believes it may be cut in half in this <a href="https://bitcoinist.com/bitcoin-bull-market-glassnode/" rel="nofollow">market cycle</a> with a “potential accelerated cycle occurring right now.”</p> 
<p>The accelerated cycle he refers to includes the fact that BTC hit a <a href="https://bitcoinist.com/bitcoin-breaks-through-69000-setting-new-record/" rel="nofollow">new all-time high (ATH)</a> before the <a href="https://bitcoinist.com/why-bitcoin-halving-could-bring-uncertainty-to-mining-industry/#:~:text=The%20halving%2C%20which%20occurs%20approximately,reward%20for%20each%20validated%20block." rel="nofollow">Bitcoin Halving</a>. That has never happened in previous market cycles, raising the possibility of this bull market being largely different from past ones.&nbsp;</p> 
<p>At the time of writing, Bitcoin is trading at around $67,400, up over 4% in the last 24 hours according to <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="nofollow">data</a> from CoinMarketCap.&nbsp;</p> 
<p><img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/jgGyFuMI/" alt="Bitcoin price chart from Tradingview.com" width="3286" height="1530"></p>

Bitcoin To $50,000 Or $80,000? Crypto Expert Predicts Where Price Is Headed Next

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