Analysts Reveal When Bitcoin (BTC) Will Reach 40k and 200k: Here Are Their Timelines

2023-10-21 19:30

With Bitcoin trading around $29,000 to $30,000 currently, analysts like Crypto Rover and Stockmoney Lizards see signs of a bullish resurgence incoming. Both make the case for Bitcoin hitting $40K based on key catalysts and chart patterns.

$40K in 70 Days

Crypto Rover predicts Bitcoin will reach $40K “in the coming 70 days.” This outlook is based on an expectation of massive inflows from a Bitcoin spot ETF approval. They estimate up to $300 billion could enter Bitcoin markets in the first year after an ETF launch.

Given Grayscale’s recent legal win, Rover believes SEC rejection of a spot ETF is unlikely. With deadlines for proposed ETFs like ARK in early 2023, this buying pressure could propel Bitcoin’s price substantially higher from current levels around $29k-$30k. A $40K target is viewed as an achievable milestone enroute to $100K.

Chart Targets Align With $45K-$50K

Stockmoney Lizards also sees $40K-$50K as a feasible target for this cycle’s pre-halving peak. Their analysis relies on Fibonacci extension levels that proved prescient in the past bull run.

Beyond that, they forecast Bitcoin tapping $200K+ at the cycle peak in 2025-2026 based on the same technical indicators.

Confluence of Signs Point to Upside

While timelines vary, the convergent upside targets from these analysts provide corroboration. The confluence of on-chain activity, technicals, and a potential ETF catalyst signals Bitcoin could exit its bear market slump and make a run at $40K in coming months.

If these projections materialize, 2023 could see Bitcoin regain its bullish trajectory enroute to reclaiming all-time highs by the next halving and cycle peak. For investors, these analyst targets provide hope that better days may be ahead after a brutal bear trend.

We recommend eToro 74% of retail CFD accounts lose money. Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.

The post Analysts Reveal When Bitcoin (BTC) Will Reach 40k and 200k: Here Are Their Timelines appeared first on CaptainAltcoin.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 70762.59 (+0.69%)
Объем 24H $52.191b
Изменеия 24h: 4.67 %, 7d: -1.86 %
Cегодня L: $69039.59 - H: $71289.12
Капитализация $1399.561b Rank 1
Цена в час новости $ 29639.76 (138.74%)

bitcoin 40k analysts both incoming bullish resurgence

bitcoin 40k → Результатов: 126


Фото:

Is Bitcoin (BTC) around $40K a good deal? Analysts’ view; Polkadot (DOT) & RebelSatoshi ($RBLZ) gain investor attention

Bitcoin (BTC) has been the talk of the town recently, especially with its price hovering around the $40K mark. As investors and enthusiasts keenly observe its movements, the big question on everyone’s mind is: Is Bitcoin at $40K a bargain or a bubble waiting to burst? Simultaneously, Polkadot (DOT) and the emerging top memecoin Rebel […]

2023-12-16 14:51


Bloomberg Commodity Strategist Mike McGlone Believes Bitcoin Will Surge To $40k

After exploring the likelihood of capitulation in a recent tweet, Bloomberg Intelligence senior commodity strategist Mike McGlone feels bitcoin is “more likely” headed for $40K rather than $20K. El Savador Bitcoin Adoption Will Propel Bitcoin Following El Salvador’s announcement that bitcoin (BTC) is now legal cash in the country, bitcoin markets have increased on Wednesday. […]

2021-6-10 02:55