2024

Bitcoin

Coin

<ul class="news-points"> 
 <li><strong>An analyst predicted another Bitcoin rally if MSTR hits a higher price.</strong></li> 
 <li><strong>The coin could hit $75,000 in the short term as the daily chart indicated a healthy breakout.</strong></li> 
 <li><strong>BTC might resist dropping below $61,505 if bulls can defend their current position.</strong></li> 
</ul> 
<p>The Bitcoin Therapist, a pseudonymous <a href="https://coinedition.com/bitcoin-btc-price-prediction/">Bitcoin (BTC)</a> maximalist account on X, posted that the coin can hit hundreds of thousands of dollars. However, the handle noted that his prediction was based on the price of MSTR, Microstrategy’s stock.</p> 
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   <p lang="en" dir="ltr">Feels like <a href="https://twitter.com/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$MSTR</a> could potentially hit $5,000-10,000/share by EOY. <br><br>Obviously that would require a <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bitcoin</a> price in the hundreds of thousands. <br><br>The biggest mistake anyone can make is to doubt Michael Saylor. He’s an absolute genius. <br><br>He is playing Wall Street like a fiddle.</p>— The ₿itcoin Therapist (@TheBTCTherapist) <a href="https://twitter.com/TheBTCTherapist/status/1766625735924445617?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">March 10, 2024</a>
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<p>According to him, MSTR could hit between $5,000 to $10,000 per share by the end of 2024. He also <a href="https://twitter.com/TheBTCTherapist/status/1766645859125449092?t=5bCDYPZLXFhjCxbdwOsuXA&amp;s=19" target="_blank" rel="nofollow">mentioned</a> that Bitcoin’s price would increase as long as MSTR jumps.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-big-bets-on-mstr-and-btc"><strong>Big Bets on MSTR and BTC</strong></h2> 
<p>Since adding Bitcoin to its balance sheet, Microstrategy, led by Chairman Michael Saylor, has seen its stock strongly correlate with BTC.</p> 
<p>At p…</p>
<p>The post <a href="https://coinedition.com/will-btc-hit-an-astronomical-value-analysts-predictions-and-price-analysis/">Will BTC Hit an Astronomical Value? Analysts’ Predictions and Price Analysis</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Will BTC Hit an Astronomical Value? Analysts’ Predictions and Price Analysis

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