Every year, Bitcoin proponents make bullish price predictions and predict that the leading cryptocurrency will reach the predicted price point and go even higher.
This year, as in previous years, Bitcoin price predictions have been bold and ambitious. Notably, the top ten predictions from major Bitcoin investors and institutions range from $122,000 to $700,000.
The four lowest Bitcoin price predictions from top investment firms see Bitcoin at $122,000, $150,000, $180,000, and $135,000 to $285,000. The CFO-X survey and 10x Research see Bitcoin reaching $150,000 and $122,000, respectively, with their main thesis centered on sentiment indicators and technical rallies.
VanEck’s $180,000 forecast is related to an institutional roadmap and suggests a potential price recovery, while 21st Capital’s $135,000 forecast is based on quintile modeling and suggests a potential rise to $285,000.
At the $200,000 range, Standard Chartered points to institutional flows and Marco hedging as the catalysts for Bitcoin’s rise to $200,000. At the same time, investment banking firm H.C. Wainwright cited the half-cycle and regulatory clarity as reasons for the price to rise to $225,000.
Fundstrat’s Tom Lee and Bitcoin advocate Anthony Pompliano cited Bitcoin’s increased liquidity and demand shock for their $250,000 price prediction.
Venture capitalist Chamath Palihapitiya and BlackRock’s Larry Fink have made the most bold Bitcoin price predictions of the year. Fink, who is convinced that 2-5% institutional allocation can boost long-term price growth, is calling for $700,000.
Palihapitiya’s $500,000 prediction focuses on the impact of the financial escape valve on the crypto market.
At the time of the report, Bitcoin was trading at $96,059, up more than 15% over the past 30 days. Market analyst Joao Wedson observed that Bitcoin “is showing an inverted fractal on the 30-minute chart that is similar to the daily chart.”
Market activity in the derivatives market suggests that $97,000 is a key point for whales as they look for a repositioning for strategic orders.
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