According to senior commodity strategist at Bloomberrg Mike McGlone, Bitcoin’s limited supply and increasing adoption will lead to steady, although gradual, appreciation.
Bitcoin (BTC) price prediction is a precarious affair despite the host of analysts and investors hoping to make a profit. Bitcoin’s value is determined second-by-second, day-by-day by a market that never sleeps. As a cryptocurrency’s value is determined by an open market, this presents unique challenges around volatility that most currencies do not face. While cryptocurrency price prediction is an ever-moving target, market literacy is essential for someone to get the most value out of their participation in the crypto economy.
Without getting into the weeds of technical analysis, what most traders and market analysts are hoping to discern is the overall sentiment of the market, which falls into two basic categories:
- A bull market occurs when the price action appears to steadily increase. This is also known as a “pump,” as the influx of buyers increases the prices.
- A bear market occurs when the price action appears to steadily decrease. This is also known as a “dump,” as the mass sell-off results in the price going lower.
Price prediction and asset speculation is a high-risk venture, so stay tuned to Cointelegraph’s daily market analysis to better navigate the ebbs and flows of crypto.
- Bitcoin will continue appreciating, although at a slower pace than in the past, Bloomberg analyst explains10917
According to Pantera Capital CEO Dan Morehad, DeFi has more chances to grow 100X in the next five years than Bitcoin.8970
The digital yuan will not unseat the U.S. dollar — at least not right away.10843
The gold bug still thinks Bitcoin’s drop to $10K indicates a bear market.66373
Tone Vays says $45,000 to $50,000 is a reasonable bull market target for Bitcoin if it surges past $20,000.15386
A look at the difference between halving cycle highs, lows and halving prices delivers huge BTC price targets which their creator cautions are “hopium.”33077
He also warned that the U.S. dollar would become worthless.19661
Investors can HODL or trade during a Bitcoin bull run, but experts urge them to be skeptical above all else.25144
Q4 2016 is the name of the game under current conditions, Woo says, but institutional investor presence makes this year very different.10714
Bitcoin will eventually capture more of the market than gold, Morgan Creek’s Anthony Pompliano predicts.16512
A depreciating US dollar as a reserve currency coupled with investors looking for attractive alternatives could see both BTC and gold rise.19350
The price of Bitcoin will surpass $28,000 as the previous all-time high won’t pose any resistance, and eventually shoot for six-figures, says Max Keiser.33488
If Bitcoin sees similar FOMO rallies like KODK in recent days, BTC price could quickly soar to six figures, as some analysts have previously predicted.34689
Bitcoin price’s current surge, which has so far topped out at $11,380, is destined to continue beyond its all-time highs, the Wall Street veteran predicts.55230
New research from Xangle suggests on-chain activity may not be the best indicator to assess Ethereum, after the price failed to rally in Q2.13668