What experts think will come next

TL; DR

Where is BTC headed?

It's been another interesting week for the cryptocurrency industry, especially Bitcoin (BTC). The major digital asset has seen significant price fluctuations ranging from $35,000 to $38,000, but some analysts believe it could go higher in the coming months.

Such an example is the famous X (Twitter) user KALEO He thinks BTC in 2018 It has a chance to grow to $40,000 before the end of 2023. But they warned that the property could drop by about $34,000 to that high.

Another analyst that recently joined is CryptoCon. They consider an alternative theory to the inter-cycle theory. Guess BTC may reach a new all-time high in early May 2024.

It should be noted that the next bitcoin halving (halving the miners' reward) is scheduled for next spring. The event, which takes place every four years, is the reason for the historically high price of the crypto asset, as it makes it weaker and more valuable.

Other BTC predictions

Famous people including Robert Kiasaki (who predicted the financial crisis in 2008) and Adam Back (Blockstream CEO) have released their predictions for BTC's price increase. The former He believes. The US dollar may fall in the near future, which will lead to a rally in the crypto sector and push Bitcoin to $120,000.

Come back Bet 1 million satoshis (the smallest denomination of BTC) will reach $100,000 before the asset halves next spring.

Those who are curious to know more predictions from famous personalities can watch our curated video below.