Post Bitcoin Halving Prediction: BTC To Hit $300k

The crypto space is flooded with all kinds of optimistic predictions about the price of Bitcoin.

The much-awaited event is set to take place in 14 days from now, and the crypto enthusiasts are expecting massive price moves in the crypto market.

A new BTC bull cycle is on the way

Market analyst and podcaster Preston Pysh said that he believes that there’s a Bitcoin bull cycle on the way that will take the crypto above $100k.

At the moment of writing this article, BTC is trading in the green, and the coin is priced at $7,760.43.

In a recent interview, he pointed out to the BTC halving, and he called the event, a catalyst for a parabolic rally that could bring BTC to $300k.

“Do I think that it’s just going to up to [$100,000] and stop? Hell no. It’s going to go straight through that number. It’s probably going to go to $200,000 to $300,000,” he explained.

He continued and said, “And then, if it doesn’t meet its escape velocity, which is a whole other term, which is, in my opinion, completely dependent on all this other macro stuff that we’ve been talking about… then it’s going to come back to that $80,000 to $100,000 mark. And it will stay there until the next four-year halving event.”

He also had a few things to say about the “real economy”:

Stay tuned for more fresh news in the crypto market.


People Mentioned

Jack Dorsey
Jack Dorsey

Co-founder and CEO of Twitter and Square, Dorsey has been an advocate for Bitcoin since the early days. Having launched a crypto division of Square early this year (called Cash App - which helps newcomers buy Bitcoin), Dorsey is now making plans to lead the way to mass BTC adoption in Africa.

Companies Mentioned

CoinMarketCap
CoinMarketCap

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

Trending news

Top Exchanges
Top Casinos
Icon
7bitcasino

4.20

Website

Icon
BitStarz

5

Website

Icon
FortuneJack

4.55

Website

Top Sportsbook
Icon
1xBit

4.03

Website

Icon
Nitrogen Sports

4.73

Website

Icon
SportBet.io

4.60

Website

Andreas Townsend Author

I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.

2063 Articles

Top Exchanges
Top Casinos
Icon
7bitcasino

4.20

Website

Icon
BitStarz

4.93

Website

Icon
FortuneJack

4.90

Website

Top Sportsbook
Icon
1xBit

4.03

Website

Icon
Nitrogen Sports

4.73

Website

Icon
SportBet.io

4.60

Website

Trending news