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How High Bitcoin’s Price Could Surge

There are all kinds of crypto predicitons out lately, and the newest one refers to the price of Bitcoin. Check it out below.

Bitcoin new prediction is out

A popular crypto strategist is expressing long-term bullish sentiment for Bitcoin (BTC) as the next halving approaches.

The host of crypto YouTube channel InvestAnswers said that Bitcoin could rally by nearly 380% from current levels en route to printing a new all-time high at the top of the next bull market.

“I’m sticking with a much more conservative price of $80,000 for the next cycle. That would be sometime in the year 2024.”

He continued and said the following:

“I do believe we could hit about $61,000, $62,000 by April 2024 – and that is right at the halving of April/May 2024.”

Citing Metcalfe’s Law, the crypto analyst says that Bitcoin could hit a price of $1.5 million by 2030 once the number of wallets increases to 3.4 million.

As the notes from the online publication the Daily Hodl notes, Metcalfe’s Law states that the value of a network is directly related to the number of users it has.

“If Metcalfe’s Law holds, which it does for all other industries, the conservative model has Bitcoin reaching… 3.4 million [wallets] by the year 2030.”

At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $16,843.

Bitcoin’s reversal into a bullish asset is near

According to the latest reports, Bitcoin could soon turn bullish, but, as always, there is a catch.

The popular crypto analyst and trader Kaleo said that there is one classical indicator that suggests the fact that there could be an emergence of a new Bitcoin bull market ahead, and this is a pretty exciting thing to learn.

Check out our previous article in order to learn more details about this. Stay tuned for more news.

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