Bitcoin All-time High Could Precede 2024 Halving
BITmarkets Team
Sep 20, 2023
Bitcoin (BTC) is aiming for $250,000 after the next block subsidy halving, but new all-time highs will come sooner.
That is the latest BTC price prediction from BitQuant, a popular social media expert who believes the largest cryptocurrency has a bright future.
Analysts believe that the consequent emission restrictions have a cathartic effect on BTC price performance, acting as a springboard before Bitcoin reaches new all-time highs.
That alone isn't enough for BitQuant. Not only will Bitcoin break its current record, set in 2021, before the end of the year, but it will also surpass $250,000 per coin once the next halving cycle begins.
"No, BTC is not going to $160K because the magnitude of every pullback is large," he added. “This means it will peak after the halving, in 2024. And yes, the target price is around $250K.”
Sources:
https://cointelegraph.com/news/bitcoin-price-prediction-all-time-high-precede-2024-halving
