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Author: Admin | 2025-04-27
Bitcoin, the most popular crypto asset is back in the spotlight until mid-2024. Analysts predict that the price of Bitcoin will continue to increase and reach a new record this year.One of the boldest predictions came from 10X Research CEO Markus Thielen, who predicted the price of Bitcoin would reach $77,000 in April 2024 and $99,000 in May 2024.“We have a long-term target of $125,000, which comes from our analysis in June 2023 and November 2023, and there is a high probability that this level will be reached in this bull market (we will explain our main targets later),” said Markus Thielen.According to Markus, the price of Bitcoin (BTC) will strengthen greatly until entering the summer of 2024 to $146,000.“Bitcoin could experience significant upside in the coming weeks and months. While it is possible that Bitcoin's price rises to 146,000 this summer, we are currently maintaining a price target of 125,000 as we expect this bull market to continue. 2025.”Apart from Markus Thielen, Geoff Kendrick, head of crypto research at Standard Chartered Bank, believes that the price of BTC will reach $100,000 by the end of this year.Quoted by Bitrue from Forbes, Kendrick estimates that the Bitcoin halving could be a source of price increases.On March 11, 2024, BTC was trading at $69,549 with a market cap of $1.35 trillion. The halving is expected to occur in April 2024, when the block height reaches 840,000.Bitcoin (BTC) Price TodayAccording to CoinMarketCap on Friday (15 March 2024), BTC was at $68,199.26 with a decline of 7.16 percent in the last 24 hours.Also read: What is Iron Fish (IRON)? A Promising DeFi Investment Coin?According to Bitrue, this prediction is based on several factorsBitcoin ETF Approval: The increasing number of Bitcoin Exchange Traded Fund (ETF) approvals is predicted to increase demand and push prices
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