{"id":599547,"date":"2024-03-25T22:00:43","date_gmt":"2024-03-25T22:00:43","guid":{"rendered":"https:\/\/uniquehot.com\/?p=599547"},"modified":"2024-06-11T08:03:58","modified_gmt":"2024-06-11T08:03:58","slug":"bitcoin-to-50000-or-80000","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-to-50000-or-80000\/","title":{"rendered":"Bitcoin To $50,000 Or $80,000? Crypto Expert Predicts Where Price Is Headed Next"},"content":{"rendered":"

Crypto expert p<\/span>opularly known as KSI has shared his thoughts on how the <\/span>Bitcoin price<\/span><\/a> could progress until the peak of this bull cycle. Based on his prediction, the flagship crypto could experience <\/span>significant dips<\/span><\/a> on its way to a <\/span>new all-time high of $100,000<\/span><\/a>.\u00a0<\/span><\/p>\n

$80,000 Could Be Next For Bitcoin<\/h2>\n

KSI mentioned in an X (formerly Twitter) <\/span>post<\/span><\/a> that Bitcoin could rise to between $73,000 and $80,000 from here. However, a <\/span>correction could quickly follow<\/span><\/a>, as the crypto analyst remarked that Bitcoin would drop to between $50,000 and $60,000 afterwards. KSI added that it would be a \u201cboring red summer,\u201d suggesting that BTC’s price won\u2019t be encouraging during that period.\u00a0<\/span><\/p>\n

Related Reading: Ethereum Sees Notable Rise In Daily Activity, But Why Is Price Down?<\/a><\/div>\n

KSI claimed that things would then pick up again in the winter. He also stated that Bitcoin could hit $100,000 by the beginning of 2025 or even before the end of this year. With his prediction, KSI joins a list of analysts who have predicted that Bitcoin could <\/span>hit the $100,000 mark<\/span><\/a> before the year runs out.\u00a0<\/span><\/p>\n

Tom Dunleavy, Partner and Chief Investment Officer (CIO) at MV Capital, <\/span>previously stated<\/span><\/a> that BTC would rise to that price level this year. Meanwhile, Standard Chartered <\/span>initially predicted <\/span><\/a>that Bitcoin would hit $100,000 by year-end before taking a more bullish stance and predicting that the flagship crypto would hit $150,000 by the end of 2024.\u00a0<\/span><\/p>\n

What To Expect From BTC’s Price<\/h2>\n

KSI\u2019s prediction also echoes the sentiments of crypto analyst Rekt Capital. In a <\/span>recent analysis<\/span><\/a>, Rekt Capital mentioned that Bitcoin would enter a \u201cmulti-month re-accumulation\u201d after the Bitcoin Halving, which could last up to five months. The crypto analyst noted that this period is usually characterized by Bitcoin\u2019s tepid price movement.\u00a0<\/span><\/p>\n

Related Reading: Dogecoin Whales Go On Massive Buying Spree, Here\u2019s How Much They\u2019ve Bought<\/a><\/div>\n

Once that phase was over, Rekt Capital revealed that Bitcoin would break out from the re-accumulation area and make a parabolic move. This is said to be when BTC experiences \u201caccelerated growth into a parabolic uptrend.\u201d This phase lasts over a year, but Rekt Capital believes it may be cut in half in this <\/span>market cycle<\/span><\/a> with a \u201cpotential accelerated cycle occurring right now.\u201d<\/span><\/p>\n

The accelerated cycle he refers to includes the fact that BTC hit a <\/span>new all-time high (ATH)<\/span><\/a> before the <\/span>Bitcoin Halving<\/span><\/a>. That has never happened in previous market cycles, raising the possibility of this bull market being largely different from past ones.\u00a0<\/span><\/p>\n

At the time of writing, Bitcoin is trading at around $67,400, up over 4% in the last 24 hours according to <\/span>data<\/span><\/a> from CoinMarketCap.\u00a0<\/span><\/p>\n

\"Bitcoin<\/p>\n

BTC bulls struggle to hold price above $67,000 | Source: BTCUSD on Tradingview.com<\/a><\/pre>\n
Featured image from Forkast News, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Crypto expert popularly known as KSI has shared his thoughts on how the Bitcoin price could progress until the peak of this bull cycle. Based on his prediction, the flagship crypto could experience significant dips on its way to a new all-time high of $100,000.\u00a0 $80,000 Could Be Next For Bitcoin KSI mentioned in an X (formerly Twitter) post that Bitcoin could rise to between $73,000 and $80,000 from here. However, a correction could quickly follow, as the crypto analyst remarked that Bitcoin would drop to between $50,000 and $60,000 afterwards. KSI added that it would be a \u201cboring red summer,\u201d suggesting that BTC’s price won\u2019t be encouraging during that period.\u00a0 Related Reading: Ethereum Sees Notable Rise In Daily Activity, But Why Is Price Down? KSI claimed that things would then pick up again in the winter. He also stated that Bitcoin could hit $100,000 by the beginning of 2025 or even before the end of this year. With his prediction, KSI joins a list of analysts who have predicted that Bitcoin could hit the $100,000 mark before the year runs out.\u00a0 Tom Dunleavy, Partner and Chief Investment Officer (CIO) at MV Capital, previously stated that BTC would rise to that price level this year. Meanwhile, Standard Chartered initially predicted that Bitcoin would hit $100,000 by year-end before taking a more bullish stance and predicting that the flagship crypto would hit $150,000 by the end of 2024.\u00a0 What To Expect From BTC’s Price KSI\u2019s prediction also echoes the sentiments of crypto analyst Rekt Capital. In a recent analysis, Rekt Capital mentioned that Bitcoin would enter a \u201cmulti-month re-accumulation\u201d after the Bitcoin Halving, which could last up to five months. The crypto analyst noted that this period is usually characterized by Bitcoin\u2019s tepid price movement.\u00a0 Related Reading: Dogecoin Whales Go On Massive Buying Spree, Here\u2019s How Much They\u2019ve Bought Once that phase was over, Rekt Capital revealed that Bitcoin would break out from the re-accumulation area and make a parabolic move. This is said to be when BTC experiences \u201caccelerated growth into a parabolic uptrend.\u201d This phase lasts over a year, but Rekt Capital believes it may be cut in half in this market cycle with a \u201cpotential accelerated cycle occurring right now.\u201d The accelerated cycle he refers to includes the fact that BTC hit a new all-time high (ATH) before the Bitcoin Halving. That has never happened in previous market cycles, raising the possibility of this bull market being largely different from past ones.\u00a0 At the time of writing, Bitcoin is trading at around $67,400, up over 4% in the last 24 hours according to data from CoinMarketCap.\u00a0 BTC bulls struggle to hold price above $67,000 | Source: BTCUSD on Tradingview.com Featured image from Forkast News, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":599555,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,656,679,1119,89185,1122,1144,78790],"class_list":["post-599547","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt"],"acf":[],"yoast_head":"\nBitcoin To $50,000 Or $80,000? 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His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin To $50,000 Or $80,000? 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