Bitcoin forecast: cryptos named the following targets for BTC
Date: 2023-07-14 Author: Karina Ziganova Categories: BLOCKCHAIN
The most capitalized cryptocurrency, Bitcoin (BTC), has been moving sideways since the end of June 2023. Many investors are interested in when, finally, the coin will come out of the flat and what direction it can choose.
Trader Axel Kibar sees the potential for the coin to start growing soon. He explained his positive outlook for the bitcoin exchange rate by the assumption that a technical analysis figure has formed on the cryptocurrency chart - a bullish flag, which may be a harbinger of a positive movement of the coin. In the event of a breakthrough of BTC at the level of $31.2 thousand, according to the trader, bitcoin will go to a new local high near $34 thousand.
Will Clement, co-founder of Reflexivity Research, also believes that BTC will grow ahead. He explained his bitcoin forecast by observing the movement of the cryptocurrency rate in previous cycles after the halving.
Many see the potential for BTC to update local highs in the near future. For example, the investor CryptoJelleNL believes that the "head and shoulders" figure of technical analysis can be seen on the cryptocurrency chart. Its completion, according to a member of the crypto community, can give the coin an incentive for significant growth - up to $58 thousand. As of the time of writing, the CryptoJelleNL bitcoin forecast was liked by over 2 thousand people.
The author of the bestseller "Rich Dad, Poor Dad" entrepreneur Robert Kiyosaki, in turn, believes that in 2024 investors will see BTC for $120 thousand.
The positive forecast of the bitcoin exchange rate was supported by the author of the BTC Stock-To-Flow (S2F) forecasting model – PlanB. He believes that the market has already passed the phase of decline, which means that there is preparation for growth and a positive movement ahead.
The often optimistic trader, the leading channel under the nickname Doctor Profit, in turn, warned investors. He noted that the crazy forecasts of bitcoin, the authors of which predict a meteoric rise for the cryptocurrency, often do not come true.
