How high will bitcoin go

The coveted six-figure mark might not be that far out of reach. But what do the data say?

Indeed, a lot is happening in certain areas in crypto, like NFTs and gaming and the metaverse, DeFi, and Web3—whereas for Bitcoin, “in the shorter term, there’s not much to expect this year,” Hasegawa argues. “Solana, Avalanche, those coins will perform well compared to Bitcoin, I think.” How high is bitcoin expected to go He said: “A lot of people are sitting on millions of dollars in profits right now and the minute they think this is going to crack, they are all going to sell at the same time.”

How high will bitcoin go in

Hundreds of thousands of people have lost money, in some cases fortunes, and the reputational damage to crypto is considerable. All those who declared that “crypto is a fraud” are now looking wise, while those, myself to an extent included, who made the argument that bitcoin is a hedge against currency debasement are looking stupid, given that it is off some 65% from its highs. Mark Helfman - DDIChat According to a survey, 39% of respondents think that the value of Bitcoin will reach its record-breaking peak price of $69,000 in 3 years' time while 76% said it will happen within 5 years. According to a recent survey by an asset management firm, only 3% of people doubted that bitcoin could reach its all-time high again.

Bitcoin Price Prediction Takeaway:

In this case, if the jobs data is strong, risk assets like Bitcoin could move lower since it would indicate the Fed might need to continue tightening to control the skyrocketing inflation. 10 Altcoins Set to Benefit if Bitcoin Hits $100k Thanks for helping us keep the bots away. Check the box and let’s get you where you’re going.

How high will btc go

At the time of writing, market sentiment is neutral-bearish. Since the price created a new high at $69,000, it corrected back to around $34,000 and has been consolidating for some weeks in a wedge. Bitcoin is currently trading at around $41,000, but if the price respects the projected wedge, a breakout below is more likely. This is partly because of the current bearish trend in the crypto market and the pressure from moving averages. If the price does break northward, the resistance at $51,215.54 is a reasonably conservative destination right now. Why will Bitcoin succeed and go up in price? (Cryptocurrencies, including Bitcoin, and other virtual digital assets are unregulated in India. They are considered extremely risky for investment. Please consult your financial advisor before making any investment decision)

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