Accéder au contenu principal

Bitcoin (BTC) Price Prediction to $40K in 2023? This Analyst Chips In

TL;DR

  • BTC Resilience and Growth: Bitcoin has shown remarkable resilience, recently surpassing $38,500. Analyst KALEO predicts it could reach $45,000 by early December, following a potential brief drop to around $34,000.
  • $100K Prediction for 2024: Geoff Kendrick from Standard Chartered forecasts Bitcoin could hit $100,000 in 2024, citing factors like Bitcoin’s rising dominance, the April 2024 Bitcoin halving, and the potential launch of the first spot BTC ETF in America.
  • Bullish Market Indicators: These predictions and the potential positive impact of the Bitcoin halving and an American spot BTC ETF launch indicate a bullish trend for Bitcoin’s future valuation.

BTC Ready for Another Rally?

The leading digital asset once again showed remarkable resilience, clearing most losses recorded during the devastating market crash in 2022. It has recently surpassed $38,500, a level last seen in May last year.

And while 2023 is almost over, some cryptocurrency analysts believe that the asset still has some fuel left to jump even more before December 31. One such person is the popular X (Twitter) user KALEO.

The analyst presented a chart, according to which the $40K target is a “magnet” for Bitcoin’s valuation. What’s more, they assumed that BTC could rise to as high as $45,000 in the first week of December.

This is not the first time KALEO has suggested Bitcoin could climb to the aforementioned mark by the end of 2023. Two weeks ago, they claimed such a surge is in the cards, but it might be first challenged by a drop to approximately $34,000.

What About $100K Next Year?

Another bullish Bitcoin prediction came from Geoff Kendrick, Standard Chartered’s head of FX research. He thinks the asset’s price might shoot to the coveted level of $100,000 in 2024 if three crucial factors are in place. 

The first one is the potential rising dominance of Bitcoin over the alternative coins. Another element that might play a role is the Bitcoin halving (scheduled for April 2024). Kendrick assumed that the valuation of the asset might peak 12-18 months after the event. 

Last but not least, he claimed that the launch of the first spot BTC ETF in America is just around the corner and that it could also cause a bull run for the asset.

Those willing to check out additional optimistic Bitcoin forecasts coming from prominent figures could take a look at our video below:

SPECIAL OFFER (Sponsored)

Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).




Source link

The post Bitcoin (BTC) Price Prediction to $40K in 2023? This Analyst Chips In appeared first on Job From Home Blog.

Libellés :

Commentaires

Enregistrer un commentaire

Posts les plus consultés de ce blog

Jojobet (464)

Jojobet bahis adresi ua – En Güvenilir Bahis Sitesi 2021 Jojobet bahis adresi ua – En Güvenilir Bahis Sitesi 2021 Geri dönüşü yüksek bir heyecana hazır olun! Heybetli rekabet atmosferinde keyifli bir oyun deneyimi sunan öncü bir bahis platformuna hoş geldiniz. İnternetin en güvenilir ve güçlü adreslerinden biri olarak, size en üst düzey kalite standartlarına sahip online bahis fırsatlarını sunmaktan gurur duyuyoruz. Bahis ve şans oyunları tutkunlarının beklentilerini aşan kapsamlı hizmetlerimizle sizi unutulmaz bir yolculuğa çıkarmak için buradayız. Profesyonel ekibimiz, Türkiye’nin en donanımlı ihtiyaçlarına uygun olarak sürekli yenilenen bahis seçenekleriyle geniş bir kumarhane atmosferi ile etkileyici deneyimler sunar. Farklı spor dallarında eşsiz tahmin ve analiz araçlarıyla dolu olan platformumuz, kazandıran oranlarla sizden tam not alacaktır. En yeni teknolojik yazılım alt yapımız sayesinde, kesintisiz ve sorunsuz oyunculuk deneyiminin tadını çıkarabilirsiniz. Şansın, yetene...
Enregistrer un commentaire
Lire la suite

Space loves AI, AI doesn’t love Space

Space-related applications of artificial intelligence and machine learning are often confined to the ground because moving AI onboard satellites, while promising, is significantly more difficult. “Running AI in space is like running a marathon on the moon — impressive if achieved, but limited by the environment,” said Sylvester Kaczmarek, chief technology officer at OrbiSky Systems, a London startup focused on AI edge operations. Advanced processors are power hungry, meaning satellites with onboard AI require large solar panels and extra batteries. Plus, “radiation in space can fry electronics,” Kaczmarek said. Power management is another problem. Many AI devices require very high currents at low voltages. “The demands that AI devices place on power management are new to the space industry,” said Bert Vermeire, Voyager Space chief technology officer. “There are no good solutions with space heritage and it is difficult to identify efficient and small form factor power and manageme...
Enregistrer un commentaire
Lire la suite

Earn BIG Commissions in 2023

In this post, we’re looking at the best niches for affiliate marketing . So, if you’re struggling to choose a niche for your blog or YouTube channel, this list will help. In this list, you’ll learn some key information to help you determine which is the right niche to choose for you. Information like: How big the niche is and its market share The products you can promote Sub niche ideas And some commission rates you can expect Keep reading. Best Niches for Affiliate Marketing We’ve researched and broken down 21 of the best niches for affiliate marketing, so you don’t have to. Let’s dive in. 1. Artificial Intelligence The Artificial Intelligence industry has exploded in recent years and is projected to be valued at close to US$2 trillion by 2030. That’s what makes this one of the best niches for affiliate marketing today. There is also a wide range of AI tools to promote with generous commissions. For example, LinkWhisper is an AI content optimization tool for SEO of...
Enregistrer un commentaire
Lire la suite