Bitcoin, Ethereum, and Solana are unlikely to reach new lows in 2023, according to former ARK Invest executive Chris Burniske, who warns against "bottom vultures" calling for lower prices without intentions of going long, predicting that the long-term uptrend will continue in 2024 and 2025.
Bitcoin's current market structure is similar to its setup before reaching its all-time high in November 2021, suggesting a potential bullish trajectory for the leading cryptocurrency, according to crypto expert Credible Crypto, who believes a breakout from the accumulation range could lead to a 120% rally and new all-time highs this year. However, a drop below $24.8k would invalidate this prediction.
Bitcoin may experience a period of stagnation before turning bullish again, according to crypto analyst Jason Pizzino, who believes that the cryptocurrency could remain in its current pattern for the next couple of months before potentially surging in late 2021 or early 2024.
Bitcoin remains on track for a massive bull cycle despite recent price decline, as indicated by broader indicators of its price patterns and the use of logarithmic growth curves. The 200-week moving average is seen as less significant as a key price support level for Bitcoin, and the analyst is also looking for an entry point for Ethereum.
Bitcoin (BTC) is expected to enter a rangebound phase until at least Q4 2023, according to market participant Filbfilb, who predicts that miners and speculation around the halving event will drive prices higher later in the year. However, macroeconomic risks, such as the Federal Reserve's policies, remain a key factor that could impact Bitcoin's performance.
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.
There is a possibility that digital assets may not witness another bull market, according to a crypto strategist who is growing skeptical of the market's potential for a bullish reversal this time around, citing a lack of real-world use cases and the failure to deliver on promises. However, another investor remains confident that a crypto bull market is coming, predicting a potential decline in prices before a new bull market begins.
Bitcoin advocate Luke Broyles believes that it is never too late to buy Bitcoin, as he argues that everything is overvalued and due to crash, which makes Bitcoin attractive as a supply-capped asset.
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 is likely to experience a deep corrective move in September, with a potential drop of over 10% from current levels, according to crypto strategist Benjamin Cowen, who also suggests that the altcoin markets may see a resurgence next year due to a confluence of macro tailwinds.
Despite the current market conditions, a crypto strategist believes that Bitcoin (BTC) could experience a significant upward movement, potentially forming a bullish higher-low setup after a possible drop to around $23,600.
Bitcoin (BTC) has remained stagnant below $26,000, with investors waiting for further developments in the cryptocurrency market and the wider economy, while Ether (ETH) is expected to outperform BTC in September and October due to the potential approval of the first ether ETF in mid-October. Additionally, SOMA Finance plans to sell tokens that represent a financial interest, addressing the criticism that crypto tokens lack equity or debt claims. Binance continues to dominate the crypto market as the leading exchange.
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.
Bitcoin (BTC) remains near a key long-term trendline as the U.S. dollar strengthens, with market participants predicting further downside for BTC and altcoins.
Bitcoin is on the brink of a bearish breakdown, but there is a possibility that the $25,000 support level could hold, presenting a short-term buying opportunity for investors. The price action of the US dollar and on-chain data suggest that buyers could return soon, making the current situation potentially profitable for opening Bitcoin longs.
Bitcoin (BTC) experienced a short squeeze, leading to a rally in prices and a decline in open interest in futures and perpetual swaps trading. However, the lack of immediate bullish catalysts may cap the price recovery.
Bitcoin (BTC) continues to trade within a range as market indecision persists, but if economic conditions worsen, there could be more pain for risk assets like Bitcoin, according to Jamie Coutts, a market analyst at Bloomberg Intelligence.
Bitcoin has the potential to rally and reach a new high in 2023, according to an analyst, who also states that the current price action looks constructive after a period of downward trend.
Bitcoin, ethereum, BNB, and XRP have experienced a strong price rally in 2023, but a small cryptocurrency has surpassed them, while the Federal Reserve's interest rate decisions could impact the bitcoin price.
Crypto strategist Benjamin Cowen predicts that Bitcoin will experience a short-term rise to test its bull market support band before resuming its downward trend, potentially falling below $20,000, although he believes it could eventually break through the band and enter a sustained bull market.
The next crypto bull run will be different from the last one, as corporate interest in blockchain technology will drive gradual growth rather than a sudden surge in prices, according to Lars Seier Christensen, founder of Concordium. However, there are differing opinions, with some experts believing that we are already in the initial stages of a bull market.
Bitcoin (BTC) has shown remarkable stability above the $26,000 level despite sell-offs in equity markets and a surging US dollar, potentially signaling a bullish cycle as long-term investors continue to accumulate.
Bitcoin is poised for a bull run next year according to analyst Dave the Wave, who cites the cryptocurrency's monthly moving average convergence divergence (MACD) and logarithmic growth curves (LGC) as indicators of a maturing market and potential price increase, although short-term volatility is still possible.
Bitcoin halving, which is expected to occur in mid-2024, is already 85% complete, and the supply held by long-term holders is nearing its all-time high, suggesting that a mature bull market may not begin until next year.
Bitcoin (BTC) prices are expected to remain bearish in the short term, but analysts anticipate a significant price increase after the 2024 halving event due to past performance and long-term valuation metrics.
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 (BTC) starts Uptober with a bullish move past $28,000, marking its best weekly close since mid-August and sparking excitement about potential price gains in October. Meanwhile, Bitcoin network fundamentals are not reflecting the bullish sentiment, as mining difficulty is set to decrease at its next readjustment on October 2.
Crypto strategist predicts that Bitcoin will enter a massive bull run and reach new all-time highs once it surpasses a key support level, but warns that bearish speculation from the stock market could decrease momentum.
The next crypto bull market is expected to start in Q2 2024, coinciding with the Bitcoin halving, but macro factors will play a more significant role in sparking the uptrend, according to macro investor Raoul Pal.
Bitcoin could face difficulties in the long term due to tightening liquidity in the current macroeconomic environment, according to crypto analyst Nicholas Merten. Merten believes that Bitcoin's price is heavily influenced by monetary policy and warns that if sentiment turns bearish, investors may start cashing out.
Bitcoin's bear market may be over and an upward expansion is likely, according to a popular crypto analyst who compares the current situation to that before the 2016 and 2020 bull markets.
Bitcoin and crypto markets are following a cyclical pattern, with bull markets typically occurring after halving events, but a significant pullback is anticipated in the period leading up to the next halving event in April or May 2023, potentially causing a drop in BTC prices.
The bitcoin and wider crypto market have lost momentum after a strong start in 2023, but billionaire Warren Buffett continues to profit from bitcoin, and there are predictions of trillions of dollars entering the crypto market, leading to a massive price bull run.
Crypto analyst Jason Pizzino predicts that Bitcoin could reach a new all-time high by late 2024 or early 2025, and is closely monitoring Bitcoin's price action in the short term.
Bitcoin is potentially in a bull market, with the recent surge to $31,000 likely being the disbelief rally of the first stage, according to crypto strategist Jason Pizzino, although he acknowledges the possibility of a deep corrective move before a full-blown bull market begins.
Bitcoin is potentially in a bull market, with the recent surge to $31,000 being the "disbelief rally," according to crypto strategist Jason Pizzino, who also warns of a possible deep corrective move before a full-blown bull market.
Bitcoin is poised for another meteoric rise due to the return of money printing by the US government, according to a trader who accurately predicted the end of the crypto's bull market in 2021, with Bitcoin potentially reaching a new all-time high of $180,000.
Bitcoin (BTC) is predicted to reach $128,000 or more by the end of 2025, according to multiple analytics models, with one analyst projecting a two-year target of around $130,000 and suggesting that the area around this price is becoming a magnet due to the long-term bullish outlook.
Bitcoin (BTC) has experienced a 70% increase in 2023 and could continue to climb, potentially reaching price targets of $45,000-$50,000 by the end of the year, but faces headwinds from the tightening policies of the United States Federal Reserve; Standard Chartered also predicts a year-end price of $50,000 due to reduced BTC supply from miners.
Bitcoin (BTC) continues to rise, gaining momentum from gold and traditional rate-sensitive assets, as prices reach their highest level since July 15 and analysts predict a potential approval of a bitcoin ETF.
Bitcoin (BTC) is experiencing a resistance battle as it approaches 2023 highs and traders are cautious about lofty price predictions and the potential impact of macroeconomic data and geopolitical events on the cryptocurrency.
Bitcoin (BTC) is nearing its 2023 high at $31,805, with the possibility of further buying triggering a rally, despite risks such as the weakness in the S&P 500 Index and the rising 10-year Treasury yield.
Bitcoin and other major cryptocurrencies have experienced a surge in prices as BlackRock and JPMorgan lay the groundwork for the next bitcoin bull run, with analysts suggesting that the crypto winter may finally be over and a "huge shift" in the market may be on the horizon.
Bitcoin (BTC) reached its highest level in 2023 as the possibility of a spot BTC exchange-traded fund (ETF) launching soon increases, attracting institutional money into the digital assets market, while stocks also climbed higher and analysts remain cautious about overexposure and the inverted yield curve.
Bitcoin's recent upward move confirms that it is now in a bull market cycle, with potential for significant growth due to stablecoin adoption, tokenization of real-world assets, and the changing stance of traditional financial institutions.
