Blockware Intelligence's analysis titled "2024 Halving Analysis: Understanding Market Cycles and Opportunities Created by the Halving" suggests that Bitcoin's price could potentially reach $400,000 in the next halving epoch due to factors such as reduced sell pressure, increased demand, and historical performance.
Major cryptocurrencies like Bitcoin, Ethereum, and Solana have already reached their lowest points of the cycle, according to former ARK Invest executive Chris Burniske, who predicts that the long-term uptrend for these digital assets will persist into 2024 and 2025 despite potential market fluctuations.
Bitcoin's longest-ever period of negative year-over-year returns is coming to an end, according to Dan Morehead, founder of Pantera Capital, who believes that the market can only stay down for so long. Despite last week's downturn, Bitcoin is currently up over 20% from the previous year, and positive catalysts such as the XRP court ruling and endorsements from asset managers could further boost its value, along with the upcoming halving in April 2024. Morehead's models suggest Bitcoin could reach around $35,500 by the halving and nearly $150,000 by late 2025.
Bitcoin price reaches a 2-month low, but crypto analyst Michaël van de Poppe predicts a positive change in the future due to market cycle theories and the upcoming Bitcoin halving in 2024, potentially reaching a price of $50-55K pre-halving.
Bitcoin might experience a period of stagnation followed by a potential peak at $200,000 by the end of 2025 or early 2026, according to a crypto analyst, although short-term prospects for Bitcoin appear challenging due to a comparison with the 1930s stock market and oversold condition.
Bitcoin could reach a new all-time high faster than expected as the co-founders of Glassnode predict that the peaking US dollar index will create a "prime Bitcoin environment," with a projected surge to over $144,000 by early 2024.
Head of Research at FS Insight, Tom Lee, predicts that Bitcoin's network value and scarcity could push its price over $200,000, while other experts, including Ark Invest CEO Cathie Wood, also foresee significant growth for the cryptocurrency. Lee highlights Bitcoin's resilience and regulatory scrutiny as well as interest from traditional financial giants such as BlackRock and Citadel.
Bitcoin is predicted to reach a price of $148,000 after the next halving in April 2024, according to Pantera Capital, which manages $3.5 billion worth of assets, and notes that recent events such as the XRP ruling and endorsements by BlackRock are likely to contribute to the next bull market for digital assets.
Bloomberg Intelligence's senior macro strategist predicts a near-term bearish trend for Bitcoin, citing its failure to exhibit strength in a deflationary environment, but anticipates that it will eventually reach $100,000.
Ethereum's price has surpassed Bitcoin's in the second half of 2023, as investor sentiment towards Ethereum has improved and Bitcoin dominance has declined, indicating a shift towards altcoins; Ethereum's oversold status and resilient consolidation above $1,500 suggest a potential bullish reversal in the coming days, but a drop below $1,500 is possible if bears gain control.
Renowned cryptocurrency expert Arthur Hayes predicts that Bitcoin will enter a period of consolidation around the $25,000 mark in the coming months, while also emphasizing the potential long-term value and importance of cryptocurrencies and blockchain technology.
The upcoming Bitcoin halving event is expected to drive the price of Bitcoin to a new all-time high, potentially surpassing $100,000, according to analysts and investors, despite the current lack of fresh inflow to the crypto market and macroeconomic challenges. Hut 8 vice president Sue Ennis believes that the Bitcoin price will rise above $100,000 in the next year, citing the increasing hash rate and the entry of new participants into the global Bitcoin network. Ennis also mentioned the importance of revenue diversification for miners to stay profitable after the halving, including exploring AI applications and offering ASIC repair services. Additionally, Ennis expressed optimism about the potential approval of a spot Bitcoin ETF, which she believes would be bullish for the asset class.
ARK Invest CEO Cathie Wood predicts that the market capitalization of cryptocurrencies will increase by over 2,100% in less than seven years, driven by institutional investment and the potential approval of a Bitcoin exchange-traded fund (ETF), with the total crypto market cap potentially reaching $25 trillion by 2030.
Bitcoin pulled back from its all-time high above $28,000 as investors analyzed the implications of Grayscale's court victory against the SEC, with the cryptocurrency dropping 2% to $27,240, while Ether decreased 1.7% to just above $1,700, leading to a decline in the broader crypto market.
The crypto market analyst at Bloomberg Intelligence predicts that the unlocking of billions in capital flowing into US-based ETFs could make 2024 a significant year for digital assets despite the US Securities and Exchange Commission's stance on crypto.
A trader predicts that Bitcoin will reach a new all-time high before the end of 2023, with the possibility of a 157% rally from the current level.
Bitcoin and crypto could experience significant growth in the next few months, with September expected to be a particularly eventful period, including the potential impact of U.S. bitcoin ETF filings and China declaring crypto as "legal property and protected by law."
The CEO of Custodia Bank believes that the next Bitcoin halving event will have a greater impact than previous ones, with a model predicting that Bitcoin will reach $147,843 in August 2025, 480 days after the halving event.
Bitcoin is predicted to reach $22,000 due to worsening investor sentiment and the impact of lawsuits against Binance and Coinbase, while BitMEX co-founder Arthur Hayes claims the bull market began in March.
Bitcoin (BTC) could reach $35,000 by the end of 2023, according to veteran analyst Filbfilb, who also predicts a potential price dip to the low $20,000 range before a reversal in Q4 and a price target of $46,000 by the 2024 halving. He believes that altcoins like XRP and Dogecoin (DOGE) could perform well in the next cycle.
The vice president of Canaan predicts that the supply deficit caused by the next Bitcoin halving in 2024 will drive the price of Bitcoin past $100,000.
Bitcoin is showing strength and could reach $28,000 despite negative news, according to Altcoin Sherpa, a popular crypto trader, while cautioning about the downward trend of Ethereum rival Solana.
Bitcoin is expected to experience a significant increase in value and reach a fair value of $100,000, driven by institutional capital inflows and the approval of Bitcoin ETFs, according to Mark Yusko, founder of Morgan Creek Capital.
Bitcoin could experience another parabolic rally and potentially reach over $80,000 following its 2024 halving event, according to a popular crypto analyst.
MicroStrategy's Executive Chairman Michael Saylor predicts that Bitcoin will reach $5 million per coin due to the approval of a spot bitcoin ETF, fair value accounting for bitcoin holdings, and increased prevalence of bank custody and collateralized lending.
Bitcoin's performance historically strengthens in the final quarter of the year, with an average return of over 35%, and it could potentially reach $37,000 by year-end, according to Matrixport's report.
Altcoins are expected to struggle for the rest of 2023 based on historical patterns, according to crypto analyst Benjamin Cowen, who also warns that Bitcoin may close the month in the red as it did in 2019.
Analyst Rekt Capital predicts that Bitcoin could experience a post-halving bull run lasting 18 months, potentially topping out in September or October 2025, based on historical data from previous halving events. However, he also warns of a potential collapse in the months leading up to the halving, with BTC potentially revisiting a price point of around $20,300 in mid-February 2024.
Crypto analyst Nicholas Merten predicts a significant contraction in the total market capitalization of Bitcoin and other digital currencies, with Bitcoin potentially facing a plunge of over 43% and stabilizing between $15,000 and $16,000 as the market potentially finds a foothold around the $650 billion cap.
Ethereum is predicted to experience a surge in prices by the end of the year, with the leading smart contract protocol potentially reaching as high as $2,000, according to crypto strategist Inmortal, who also believes Bitcoin will rally back to its resistance at $27,300. Additionally, Inmortal is keeping a close watch on Radix (XRD) as it gears up for its mainnet launch of the Babylon upgrade.
Political pressure is causing delays in the approval of a Bitcoin spot ETF, but CEO of BitGo, Mike Belshe, remains optimistic that Bitcoin's price will reach its record high of $69,000 within the next 18 months.
Fidelity Investments' global macro director believes that a recession could lead to a significant rally for Bitcoin, with the potential for prices to reach $96,210 by the end of 2025 if interest rates decline. He also suggests that Bitcoin's correlation with equities has decreased, making it a potential source of uncorrelated returns in the next market cycle.
Bitcoin's price has fallen in the third quarter of 2023, but a positive monthly close in September suggests a potential recovery, and altcoins are also showing signs of strength, with Bitcoin's relief rally potentially reaching $28,000.
Bitcoin surged over $28,000, experiencing a sudden spike and potentially driven by a short squeeze in the futures market, while Ethereum also rose above $1,700 for the first time in five weeks, contributing to a positive overall sentiment in the crypto market.
Crypto analyst predicts Bitcoin (BTC) could reach $89,000 by 2025, with a "max upside" of $142,000, depending on factors such as on-chain supply, the approval of spot BTC ETFs, and overall adoption of the cryptocurrency.
Large Bitcoin holders have been accumulating the cryptocurrency since September, leading to predictions of a return to the $30,000 price level, although some analysts disagree with this analysis.
Ethereum-based altcoin Chainlink (LINK) is predicted to experience a final correction before doubling in price, potentially reaching $12-$15 by 2024, according to crypto strategist Michaël van de Poppe, who expects other altcoins to continue gaining momentum as long as Bitcoin remains consolidated. Bitcoin, on the other hand, could rally to $30,000 if it successfully retests the $26,700-$26,900 range.
BitMEX co-founder Arthur Hayes predicts that Bitcoin will reach $750,000 to $1 million by 2026, but warns of a financial crisis on par with the Great Depression following the bull market.
Crypto investments surged by $78 million, with Bitcoin and Solana leading the way, according to CoinShares' latest investment report. Bitcoin received $43 million in inflows, while Solana experienced its largest weekly inflow since March 2022.
Bitcoin's upcoming halving event in April 2024 has generated high anticipation, with predictions of another massive rally and a possible surge past $100,000; however, past performance, supply and demand dynamics, and evidence from Litecoin suggest caution in relying solely on these predictions.
Bitcoin price is predicted to reach $750,000 to $1 million by 2026, according to Arthur Hayes, who highlights a major financial crisis and mounting debt as catalysts for the cryptocurrency's surge.
Arthur Hayes, the co-founder of cryptocurrency exchange BitMEX, predicts that the price of Bitcoin will reach $750,000 to $1 million by 2026 due to a major financial crisis and endless cycles of central bank printing that lead to inflation, preventing natural market cycles of growth and correction. He believes that mounting debt, out of control inflation, and the insolvency of the US banking system will contribute to Bitcoin's rise. However, he also expects a significant drawdown in BTC price after each bull market.
Buyers struggle to maintain Bitcoin price above $27,000 as selling increases due to inflation pressure and uncertainty, but analyst predicts a potential rally to the next halving in November; BitMEX founder Arthur Hayes is even more bullish, predicting Bitcoin could reach $750,000 to $1 million by 2026.
