Bitcoin Hits $44,000: Observers Awaiting $50,000
Date: 2023-12-09 Author: Dima Zakharov Categories: BLOCKCHAIN, IN WORLD
Bitcoin's price experienced a significant boost on December 9th, reaching a yearly high. At one point, Bitcoin was trading at $44,300 per coin, although it has since slightly dropped below the $44,000 mark. Optimistic observers remain hopeful and expect Bitcoin to reach $50,000 soon.
Web3 investor, known as CredibleCrypto, predicts that Bitcoin will reach $50,000 within the next week. The CryptoQuant team forecasts that Bitcoin will enter the $50,000 - $53,000 range during the first few months of 2024, citing the high network activity on the Bitcoin network as a basis for their prediction.
Bankers have also shared positive outlooks for Bitcoin. Standard Chartered, a leading UK bank, suggested that Bitcoin could reach $120,000 by the end of 2024. Meanwhile, the American investment bank Bernstein anticipates that Bitcoin will be valued at $150,000 in 2025.
Some observers believe that the current Bitcoin surge marks the beginning of a supercycle in its price.
For those interested in learning how to independently identify current trends in the cryptocurrency market, Bitok.Blog has compiled a selection of scalping indicators. Stay informed and make the most of this exciting Bitcoin journey.
