Bitcoin supply shock tactics give way to ETF hype in Standard Chartered’s new $100,000 BTC price prediction.
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 ETF approvals may have key timing as the Ichimoku Cloud demands the BTC price keep climbing into 2024.7520
Bitcoin is in its “pre-bull market” phase, and the days of BTC price trading at current levels are numbered, the stock-to-flow creator says.33149
Bitcoin ETF excitement is everywhere, but short-timeframe BTC price morale is wearing thin.21981
Bitcoin price weakness could take the market toward $30,000 thanks to cold feet over regulatory moves against Binance.73231
BTC price action has yet to match one Bitcoin trader’s long-term target, but “patience is key,” he says nearly one year later.31136
Bitcoin is bouncing back, and despite the risk of a pre-halving dip, BTC price action is on track for upside, Filbfilb says.5891
Bitcoin ETF launch day could be more than just a “sell the news” event for BTC price, says Peter Schiff.27057
If history repeats itself, Bitcoin will easily be able to deliver a six-figure price next cycle, according to the on-chain indicator.21709
Bitcoin is due to hit $45,000 by the end of 2023, with post-halving BTC price targets reaching a giant $250,000.79834
Bitcoin is attempting to ditch the past week’s trading range, but longer timeframes reveal the potential for much more BTC price upside, predictions show.13644
Bitcoin posted a classic “Uptober,” but risk assets across the board risk a serious contraction, forecasts warn.5953
Don’t be surprised if we see more investment, more regulation and more artificial intelligence defining crypto during the last two months of 2023.5492
The report also delves into a potential scenario where Solana becomes the first blockchain to accommodate applications with over 100 million users.19225
Bitcoin has “plenty of fuel” to get it to $40,000, analysis argues, as BTC price stares down the weekly and monthly candle close.6793