Bitcoin's Future: Regional Director of CommEX Predicts Stable Prices

Many market analysts are attempting to forecast the future trajectory of Bitcoin's price (BTC). Some researchers and traders claim that a bull market reversal has begun, and the digital currency's price will only continue to rise steadily. However, there are those who believe that the value of this virtual asset could see significant corrections.

Anton Toropsev, the Regional Director of CommEX for Russia and the CIS, shared his perspective with Crypto.ru on the possibility of BTC's price dropping to $30,000 or lower. According to him, this scenario is highly improbable, at least in the next 1-3 months. He pointed out that several factors currently support the market.

These factors include macroeconomic events such as geopolitical instability in the Middle East and concerns about a recession in the United States. This encourages investors to allocate some of their capital to protective assets. Additionally, there are domestic factors like the upcoming halving event scheduled for the spring of 2024. Lastly, participants are eagerly awaiting possible approval of a Bitcoin ETF by the U.S. Securities and Exchange Commission (SEC).