Bitcoin price target

Bernstein Reiterates $200,000 Bitcoin Target and Initiates Coverage on Core Scientific and IREN Btc price target The note highlights that Bitcoin ETFs are far from done. Since BlackRock (NYSE:BLK) filed its Bitcoin ETF application on June 15, 2023, Bitcoin has surged by 150%. While early Bitcoin ETF allocations were driven by retail investors, with institutional share at 22%, Bernstein sees strong growth ahead. "We see Bitcoin ETFs as on the cusp of approvals at major wirehouses and large private bank platforms in Q3/Q4," the analysts noted.

The chart above indicates that, in the last 30-days, BTC has experienced a relatively low volatility, compared to the traditional stock markets. This is a direct contrast to the usual narrative that Bitcoin is a less reliable asset. Current Bitcoin price There are bearish signs that continue to confirm. Today for example, as noted above, Bitcoin was solidly rejected from resistance around the 20-Day MA. Selling subsequently intensified, with Bitcoin continuing to trade near the lows of the day, at the time of this writing. Bitcoin triggered a breakdown on the weekly chart recently on a drop below 62,389 and is now accelerating a decline.

In 2010, Bitcoin was still in its infancy and experienced significant price fluctuations. Bitcoin’s price started the year 2010 at around a fraction of a cent. The exact price is hard to pinpoint because Bitcoin was not traded on any exchanges until later in the year. However, it was valued below $0.01 for the first few months. News, Videos, Podcasts, Slideshows, Expert Speak, FAQs According to BitcoinWisdom's forecast, the price of the coin will continue to rise in 2024. Portal analysts suggest that the minimum price will be $145,377.01, and the maximum will be $181,724.16.

And to be fair, I've pinned a $150,000 price target on Bitcoin myself -- but not for this year. I expect that milestone to be reached in 2025 or 2026. Bitcoin's four-year cycle of price surges suggests another dramatic price gain after April's halving of mining rewards -- but don't expect that surge to materialize right away. BTC price forecasts 2040 0 sharedSee the latest updates from across the crypto universe