Future

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analysts-predict-bitcoins-future-prices/" data-wpel-link="internal">Analysts Predict Bitcoin’s Future Prices</a><br></p>
<p style="text-align: justify"><strong>BTC</strong> hit a daily low at $62,302 and is now trading at $63,434, but the daily candle has not yet closed. This means we might see a deeper low in the coming hours. Things haven’t been going well in crypto for a few days, and concerns about rising tensions in the Middle East over the weekend are making <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> cautious. So, what are the long-term predictions?</p> 
<h2 style="text-align: justify" id="how-much-will-bitcoin-be-worth">How Much Will Bitcoin Be Worth?</h2> 
<p style="text-align: justify">In the short term, there are always things that dampen morale. In November 2022, there were people who said <strong>BTC</strong> would fall to $12,000 and below, with their own justified reasons. However, BTC did not experience such a significant drop. Again, there were those who aimed for impressive peaks in the first half of this year, and they were also wrong. So, no one can see the <a href="https://newslinker.co/what-are-the-future-technologies/" target="_blank" rel="noopener" data-wpel-link="exclude">future</a>.</p> 
<h3 style="text-align: justify" id="mikybull-s-btc-price-prediction">Mikybull’s BTC Price Prediction</h3> 
<p style="text-align: justify">According to analysts’ predictions, <a href="https://en.coin-turk.com/investors-analyze-bitcoin-chz-ceek-and-floki-coin-price-predictions/" data-wpel-link="internal">crypto analyst</a> Mikybull wrote that the king of <strong>cryptocurrency</strong> will reach $120,000 for the first time in this bull cycle. It could even be more, and this possibility is not far-fetched for him.</p> 
<blockquote> 
 <p style="text-align: justify">“Bitcoin is preparing for the next rally wave that will take it to $120,000+. Fasten your seatbelts.”</p> 
</blockquote> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class=" wp-image-376273 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/mikybull-btc-hedefi.png" alt="" width="1227" height="698"></p> 
<h3 style="text-align: justify" id="mags-bitcoin-price-prediction">Mags’ Bitcoin Price Prediction</h3> 
<p style="text-align: justify">One of the relatively cautious analysts, Mags, points to $100,000 as a potential peak. He is confident about $95,000 while making this prediction based on technical models.</p> 
<blockquote> 
 <p style="text-align: justify">“<strong>BTC</strong> is still trading within a descending broadening wedge formation. The price is consolidating near the upper resistance line, and a breakout could lead to a significant upward rally. The technical target for this formation is $95,700.”</p> 
</blockquote> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-376274 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/mags-btc-tahmini.png" alt="" width="958" height="806"></p> 
<h3 style="text-align: justify" id="axel-adler-s-btc-prediction">Axel Adler’s BTC Prediction</h3> 
<p style="text-align: justify">CryptoQuant author Axel Adler did not make a price prediction but highlighted a new investor metric. While tracking the rising chart to identify the peak, you might also keep an eye on this.</p> 
<blockquote> 
 <p style="text-align: justify">“From the $57,000 level, the market gained 3% new investors – considering the metric increased by 4% after the <strong>FTX</strong> collapse, this is a lot. The main influx of newcomers will continue with the price increase and should exceed 50% at the peak of the cycle.”</p> 
</blockquote> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-376275 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/axel-adler-btc-tahmin.png" alt="" width="1437" height="798"></p> 
<p style="text-align: justify">So, it seems there is still a long way to go before reaching the peak.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/analysts-predict-bitcoins-future-prices/" data-wpel-link="internal">Analysts Predict Bitcoin’s Future Prices</a></h5>
<p>The post <a href="https://en.coin-turk.com/analysts-predict-bitcoins-future-prices/" data-wpel-link="internal">Analysts Predict Bitcoin’s Future Prices</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Analysts Predict Bitcoin’s Future Prices

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