Rally

Bitcoin

<p>The post <a href="https://coinpedia.org/news/bitcoin-price-prediction-btc-price-poised-for-2x-rally-by-july/">Bitcoin Price Prediction: Here’s Why BTC Price Could Hit $140,000 by July</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>As Bitcoin gears up for its <a href="https://coinpedia.org/beginners-guide/what-is-bitcoin-halving/">halving event</a> and regulatory clarity beckons along with the Fed’s increasingly bullish stance, the market braces for a potential surge. Analysts, led by the mysterious TechDev, paint a bright picture, predicting <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/">Bitcoin’s value</a> to potentially double from its current $69,000 to a staggering $140,000 by July. </p> 
<p>This projection is based on Bitcoin’s recent achievement of closing two consecutive months above the upper <a href="https://coinpedia.org/traders/what-is-bollinger-band-in-crypto-trading/">Bollinger Band</a>, a key signal in technical analysis.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">It doesn't happen often.<a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> closed 2 consecutive months over the upper Bollinger band.<br><br>Each time it has then doubled within 3 months before the next red candle. <a href="https://t.co/veOOOmT8Id">pic.twitter.com/veOOOmT8Id</a></p>— TechDev (@TechDev_52) <a href="https://twitter.com/TechDev_52/status/1776964413603332417?ref_src=twsrc%5Etfw">April 7, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Let’s dive deeper into understanding what his analysis is.</p> 
<h2 class="wp-block-heading" id="h-bollinger-band-s-bold-call"><strong>Bollinger Band’s Bold Call</strong></h2> 
<p>Excitement brews in the market as the renowned Bollinger Band suggests Bitcoin’s value could skyrocket, surpassing its previous all-time high before the <a href="https://coinpedia.org/news/bitcoin-halving-in-12-days-heres-what-to-expect-on-april-20th/">upcoming halving</a>. While the Bollinger Bands provide valuable insights, they’re just one of many technical indicators, more reactive than predictive. Their touch on the upper band often indicates overbought conditions, but their reliability can vary, especially in volatile markets.</p> 
<h2 class="wp-block-heading" id="h-the-outlook-optimistic">The Outlook? Optimistic!</h2> 
<p>Echoing the positive sentiment, Anthony Scaramucci, CEO of SkyBridge Capital, joins the chorus, envisioning Bitcoin soaring to new heights of $170,000 within the current cycle. He even dares to imagine a future where Bitcoin commands half the value of the global gold market, potentially reaching $400,000 per BTC.</p> 
<p>Did You Know? <a href="https://coinpedia.org/news/sec-calls-for-public-feedback-on-ethereum-etf-proposals-from-grayscale-fidelity-and-bitwise/">SEC Seeks Public Feedback for Grayscale, Fidelity, Bitwise Ethereum ETFs</a></p> 
<p>Scaramucci pins his hopes on the recent approval of <a href="https://coinpedia.org/news/spot-bitcoin-etfs-recorded-111-billion-surge-in-march-tripling-februarys-volumes/">spot Bitcoin ETFs</a>, anticipating increased demand from both retail and institutional investors. These ETFs have already attracted over $12 billion in inflows, indicating a growing interest in Bitcoin as a significant asset class.</p> 
<h2 class="wp-block-heading" id="h-crypto-s-upcoming-boom"><strong>Crypto’s Upcoming Boom</strong></h2> 
<p>Meanwhile, Ripple’s CEO, <a href="https://coinpedia.org/news/a-green-light-for-xrp-etf-ripple-ceo-says-yes/">Brad Garlinghouse</a>, offers his own vision of crypto’s imminent explosion. According to a <a href="https://www.cnbc.com/2024/04/08/ripple-ceo-crypto-market-to-double-in-size-to-5-trillion-in-2024.html">recent CNBC report</a>, Garlinghouse predicts the entire crypto market could double in value, reaching an astonishing $5 trillion by the end of the year.</p> 
<p>Garlinghouse cites several factors driving this optimistic outlook. Firstly, he highlights the approaching halving event, historically associated with increased demand and price spikes. Additionally, he emphasizes the importance of regulatory developments, which could legitimize crypto assets and attract more institutional investors.</p> 
<p>Moreover, Garlinghouse points to the growing popularity of Bitcoin exchange-traded funds (ETFs) as another catalyst for broader crypto adoption. These investment vehicles allow investors to gain exposure to Bitcoin’s potential without directly owning the underlying asset, making it more accessible to a wider range of investors.</p> 
<p>Read More: <a href="https://coinpedia.org/news/altcoin-season-on-horizon-with-bitcoin-halving-in-3-weeks-here-are-the-3-trends-to-watch/">Top 3 Trends to Watch for Altcoin Season Post Bitcoin Halving</a></p> 
<h2 class="wp-block-heading" id="h-the-anticipation-is-higher-than-ever">The Anticipation is Higher Than Ever! </h2> 
<p>With less than two weeks left until the Bitcoin halving event, excitement grips the market as participants eagerly await its impact on the cryptocurrency’s future.</p>

Bitcoin Price Prediction: Here’s Why BTC Price Could Hit $140,000 by July

Mục lục

CoinPedia News

Các bài viết khác được xuất bản trên 8 thg 4, 2024

Bridging Digital and Traditional Finance: The Crypto Wallet and Banking Module Revolution

Bitcoin Value Surges Past $72,000, Market Volatility Triggers Increase in Liquidations

Prediksi Bullish ala Analis Kripto Ternama, DOGE Jadi US$1, XRP Jadi US$5, Bitcoin Jadi Berapa?

Ripple’s CTO Weighs in on XRP Burning Debate Amid SEC Lawsuit

Dogwifhat (WIF) Price Jumps 15% With Trend Reversal Eyeing New All-Time High

Crypto Market to Reach $5 Trillion by Year’s End!

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!