Bitcoin to Reach $161,000 Before Halving, Predicts Top Crypto Analyst – Here’s the Timeline

2023-8-14 11:26

Two renowned analysts, Tony “The Bull” and Rager, share their contrasting predictions on Bitcoin’s future trajectory. While Tony’s analysis hints at a potential surge beyond expectations, Rager provides a detailed roadmap of events that could shape Bitcoin’s journey in the coming year. Dive into their insights to understand the possible twists and turns in the world of Bitcoin.

Tony “The Bull” (@tonythebullBTC), a top-notch analyst, recently shared his insights on Bitcoin’s potential price movement. Contrary to his ironic statement, “There is no way Bitcoin hits $150K+ before the halving,” Tony’s analysis suggests a bullish sentiment.

He referenced the Bitcoin CME Futures, which is on the verge of touching the 1M Parabolic SAR. Drawing parallels from historical data, Tony highlighted that the last time such an event occurred, Bitcoin surged by an impressive 499% over the subsequent six bars. If a similar 449% increase were to happen now, it would catapult Bitcoin to his ambitious target price of $161K.

On the other hand, Rager (@Rager), a famous Twitter analyst, has shared his perspective on Bitcoin’s trajectory over the next year. He predicts that the Bitcoin ETF might see a postponement until February. This delay could lead to a price pullback, with Bitcoin continuing its range-bound movement between $20k to $30k for the next six months.

By March, correcting his earlier mention of February, Rager expects the ETF to get approved. This approval could be a significant catalyst, potentially driving Bitcoin’s price up and possibly reaching the $40k range around the halving event in April. However, post-halving, Rager anticipates a temporary stall in price, followed by a slight pullback. But he remains bullish for the latter half of 2024. He expects a robust upward price movement starting around June/July, which could extend into early to mid-2025.

Delving deeper into the ETF landscape, Rager points out that the ETF deadline for BlackRock is in March, while the ARK approval deadline is set for January. He believes that the ARK ETF might not get the green light before BlackRock’s unless there’s a collective approval in January. Concluding his analysis, Rager envisions a choppy Bitcoin price until Q1 2024, after which he expects potential approval and a subsequent bullish run.

Both analysts provide valuable insights, and while their predictions differ slightly, it’s evident that the upcoming ETF decisions will play a significant role in Bitcoin’s price movement. As always, it’s essential to conduct personal research and consult with financial advisors before making any investment decisions.

You can review our Bitcoin (BTC) price prediction here.

Join us on Facebook and Twitter for the latest insights and discussions in the world of crypto.

Explore our news section and stay ahead of the curve with our expert price predictions.

The post Bitcoin to Reach $161,000 Before Halving, Predicts Top Crypto Analyst – Here’s the Timeline appeared first on CaptainAltcoin.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 66853.53 (-0.03%)
Объем 24H $26.949b
Изменеия 24h: 1.85 %, 7d: 9.71 %
Cегодня L: $66739 - H: $67036.39
Капитализация $1317.038b Rank 1
Цена в час новости $ 29419.51 (127.24%)

bitcoin tony rager potential surge analysis future

Источник: captainaltcoin.com

bitcoin tony → Результатов: 30


Elliott Wave Expert Sees “Greater Price Appreciation Unfolding” In Bitcoin

Bitcoin price is flirting with resistance at $50,000. The first attempt has led to a short-term rejection, but the king of cryptocurrency appears determined as ever. According to Elliott Wave International’s resident crypto expert Tony Carrion, there are plenty of signs that suggest “greater price appreciation” is “unfolding” across the crypto market. If he’s correct, […]

2021-8-24 23:00


Knowledge Broker Blueprint Launches by Tony Robbins and Dean Graziosi

What do you get when you mix a personal development guru and self-help legend with a virtual learning party? Knowledge Broker Blueprint. Bitcoin Exchange Guide, who proudly curates and reports cryptocurrency-centric news, is also an advocate of the self-improvement and personal growth sector and found it worthy enough to announce an upcoming KBB 2.0 event […]

2020-2-20 21:04


Bitcoin Unlikely to Take Off in Australia, An RBA Official Suggests

Dr. Tony Richards, head of payments policy at the Reserve Bank of Australia, said that the stability of the Australian dollar would make widespread Bitcoin adoption in the country unlikely. He also suggested that the local use of the currency is so limited that the central bank does not consider it a major impact on […] Bitcoin Unlikely to Take Off in Australia, An RBA Official Suggests was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-6-27 22:23


Фото:

No Cryptos Planned for Issue by Central Banks in Australia and New Zealand

The central banks of Australia and New Zealand denied they would issue their own cryptocurrencies June 26, in a speech calling Bitcoin “fascinating” but “inefficient.” Addressing the Australian Business Economists in Sydney, Tony Richards, head of the Reserve Bank of Australia’s (RBA) payments policy, appeared hawkish on cryptocurrency as Australia’s government devotes considerable funds to

2018-6-26 17:07


Фото:

The Central Banks Of Australia And New Zealand Against Cryptocurrencies

The trend of ‘central banks’ talking about cryptocurrencies is warming up once more, with The Reserve Bank of Australia (RBA) and The Reserve Bank of New Zealand (RBNZ) weighing in on the debate. The pair have moved to debunk rumours that they are investigating in establishing their own central bank digital currency, on the basis that they believe such a project would inevitably damage their current banking system.

2018-6-26 17:00


Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

100X Profit Alert: These Cryptos Are on a Crypto Whale’s Watchlist

Investing in cryptocurrencies can reap significant returns, and certain coins have caught the attention of a seasoned investor with a reputation for big moves. As the market enters a bull run in 2024, understanding which cryptocurrencies are poised for potentially explosive growth becomes crucial.

Investor Enthusiasm Grows as BlastUP Presale Approaches Final Fortnight

BlastUP, the premier launchpad on Blast, has raised over $6 million during its presale with two weeks to go, reflecting robust demand amid the market recovery. Blast, the sole Layer 2 blockchain offering high native yield on ETH and stablecoin staking, is witnessing a surge of interest in its ecosystem’s launchpad platform, BlastUP ($BLP).

5 Telegram Mining Mini Apps That ‘Will Do Well’ Following Notcoin (NOT) Launch

The phenomenal rise of Notcoin (NOT) has ignited a new wave of excitement in crypto mining world, this time centered around the popular messaging app Telegram. In the wake of Notcoin’s resounding success, where both seasoned investors and newcomers alike reaped substantial rewards, a fresh batch of Telegram mining mini apps is generating significant buzz.