A few days ago, Bitcoin for the first time crossed the important mark of $ 50 thousand, and on the night of February 18, it reached a new all-time high of $ 52.6 thousand. Against this background, forecasts of multiple growth in the value of the asset in the long term are increasingly heard, writes RBC Crypto.
For example, Citibank Managing Director Tom Fitzpatrick suggestedthat the price of the asset this year is capable of reaching $ 318 thousand, and analysts of the consulting company The Motley Fool expressed confidence that in the next 15 years it will rise 10 times from current levels. However, some experts believe that Bitcoin will face a correction in the near future.
“Bitcoin for $ 100 thousand in the middle of spring”
If in the near future the coin will exceed $ 53 thousand, then further dynamics will be an increase to the price of $ 56 thousand, Michael Ross-Johnson, CEO of the Chatex p2p cryptocurrency platform, is sure. After that, he predicts a drawdown to $ 52-53 thousand or even lower.
“However, in the middle of spring, we may well see Bitcoin at 100 thousand per coin,” says Ross-Johnson.
Among the reasons for this growth, he named the bull market, the arrival of the largest institutional investors, the limited number of bitcoins. In addition, over the past year, digital currencies have become not only a defensive asset, but also caused a certain hype, the specialist added. Therefore, investors, both institutional and private, are now actively entering cryptocurrencies in an attempt to get the maximum profit. Which further contributes to the rise in the value of bitcoin.
“Bitcoin may soon go for a correction”
The ratio of the volumes of buyers and sellers on crypto futures platforms suggests that Bitcoin will soon go for a correction, says Viktor Pershikov, lead analyst at 8848 Invest. He did not rule out that before this there will be a breakthrough in the rate of the first cryptocurrency to the area of $ 54-55 thousand, however, in March-April of this year, the expert calls a higher probability of correction than the continuation of protracted growth.
“In case of the beginning of a protracted correction, the target level will be the mark of $ 30 thousand. Continued growth of bitcoin to levels of $ 70 thousand and above can be expected in the III-IV quarters of this year. However, in order for the market to show significant growth with the renewal of historical highs, a healthy price correction must occur on the assets, the likelihood of which grows with each new price spike, “Pershikov explained.
At the moment, the probability of reaching the level of $ 100 thousand this year by the options market participants is estimated at less than 4%. It will be possible to talk about whether the level of $ 100 thousand will be reached after the correction and the achievement of the intermediate target at the level of $ 70 thousand, which this year looks more promising and achievable, concluded Pershikov.
“Correction will begin after $ 55.6 thousand.”
The long-term goal for bitcoin of $ 55.6 thousand was obtained on a logarithmic chart when it cost another $ 13 thousand, said Andrey Podolyan, CEO of Cryptorg.exchange. Around this area, the expert expects a price rollback and correction.
The latest wave of growth in the bitcoin rate started on the news that MicroStrategy will increase investments in cryptocurrency to $ 900 million.The largest holder of the first cryptocurrency among public companies will place a bond loan with maturity in February 2027 and the possibility of early redemption of securities from February 2024.

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