It’s been just revealed that Bitcoin will soon hit a new ATH. Check out the latest reports about this below.
Bitcoin to reach new ATH soon
At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $28,175.
According to the latest reports, it seems that Peter Brandt says that Bitcoin (BTC) is not going to take very long to reach new all-time highs (ATHs).
Brandt, whose crypto reputation was made by calling Bitcoin’s 2017 collapse, is shooting down a prediction by pseudonymous crypto analyst Cheds that Bitcoin is unlikely to hit $50,000 within 90 days.
Cheds stated the following:
“In case you are wondering: BTC highly unlikely to come even close to $50,000 in the next 90 days, let alone $1 million.”
Brandt also said this:
“Some smoke too much wacky.”
Brandt says he is predicting Bitcoin will reach new all-time highs within 12 months.
“All predictions are just guesses. My guess is that Bitcoin is 12 months away from new ATHs.”
He also addressed the historical performance of Bitcoin, saying his forecast is in line with the duration of prior market cycles.
“Dangerous to have opinions that are without fact. New ATHs in April-June 2024 would be very much in line with past cycles. The amount of disinformation in crypto is amazing to me.”
Bitcoin to reach $50k
Raoul Pal is updating his outlook on Bitcoin (BTC) after a massive rally amid US banking failures.
In a new Youtube interview with Anthony Pompliano, Pal predicted the fact that Bitcoin could increase by nearly 80% in under a year.
Pal said that he expects Bitcoin’s price will rise to as high as $50,000. He said that this would come from short selling squeezes, as people wrongly bet on the king crypto declining in value. Stay tuned for more details about the latest news in the crypto space.