According to a recent Bitcoin price prediction by CoinCodex, the price of Bitcoin is predicted to rise by 22.44% and reach $36,557 by October 26, 2023 1. The same source also predicts that the yearly low Bitcoin price for 2024 is estimated at $29,506, while the price of Bitcoin is predicted to reach as high as $115,086 next year 1.
Another source, Finbold, reports that despite the optimism, United States adults surveyed in January 2023 are projecting a gloomy future for Bitcoin, predicting that the asset will likely trade at $15,252 in the next sixth months 2.
Based on these predictions, it is difficult to say with certainty whether Bitcoin will reach $72,000 in the next six months. However, according to CoinCodex’s technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 53 (Neutral) 1. It’s important to note that investing in cryptocurrencies can be risky and volatile. It’s always advisable to seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.