Here we go again………….to the moon !!!
Bitcoin could hit $80,000 by year-end, says this prominent asset manager
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- Bitcoin could reach an all-time high in 2024, with the potential to end the year at around $80,000, according to analysts at AllianceBernstein. The crypto BTCUSD’s price will likely be driven higher this year by the potential approval of an exchange-traded fund investing directly in bitcoin, the so-called halving event expected in April, and growing demand from companies, according to Gautam Chhugani and Mahika Sapra, analysts at AllianceBernstein. “We expect 2024 to be a breakout inflection year for crypto,” the analysts…
In early January of 2023 we confirmed Bitcoin’s November of 2022 bottom as a longer-term precise mathematical bottom and have suggested at the time that Bitcoin will run up to above $30K. No one believed us at the time – what else is new.
It appears now that the proverbial Bitcoin bulls are coming back from the dead, their outlandish predictions are once again gaining steam. Not so fast….here is our latest Bitcoin (BTC) update……
BITCOIN (BTC)
Date of Analysis: October 30th, 2023
Our mathematical and timing analysis for Bitcoin shows the following…….
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- Short-term Bitcoin should remain range bound as it seeks out a mid-term top. We currently do not have any good mid-term time/price projections for this completion point. It’s a bit of a mess.
- Once the mid-term top arrives BTC will decline into a major bottom scheduled to arrive around XXXX of 20XX.
- We do have some bottom projection points, with the most likely bottom located at XXXX (+/- 100), but we would need a mid-term top point above to confirm this in full.
- Once the bottom arrives Bitcoin will turn into a fast mover and surge to a new all time high by about November of 20XX. This is the move to participate in.
In summary, expect a range bound Bitcoin until a major bottom arrives around XXXX of 20XX. Then a powerful move higher to a new all time high. A more exact targeting analysis will be available as we approach the junctures above.
If you would like to see our exact TIME & PRICE targets for Bitcoin’s (BTC) major bottom, as well as our precise turning point “targeting analysis” , please CLICK HERE
