Analysts shared forecasts for BTC

Bitcoin has returned to the levels seen in early June 2024. Amid the growth of cryptocurrency, members of the crypto community shared their forecasts.

We tell you at what levels, according to cryptans, the next target of Bitcoin is and what factors can support the further growth of BTC.

The long-awaited growth of Bitcoin

Bitcoin started the day rising to $71,500. The last time the cryptocurrency touched the level was in early June 2024. As of the time of writing, Bitcoin is trading at $71,071, which is only 3.8% below the absolute maximum recorded on March 14 this year at $73,750.

A similar forecast was made by crypto trader Captain Faibik. He thinksthat the nearest targets for BTC are at the levels of $89-90 thousand.

The authors of the Bitcoin Archive channel also see prospects for a quick update of the maximum. They drew attention to the formation of a moving average intersection on the cryptocurrency chart, which is called the “golden cross.” Its appearance often precedes the coin’s growth. This time, according to Bitcoin Archive, positive momentum will allow the cryptocurrency to break through the $100,000 level in early 2025.

Cryptanalyst Miles Detcher in turn paid attention because the market has not yet awakened. This, in his opinion, is indirectly indicated by the statistics of downloading crypto applications on marketplaces. He took Coinbase as an example. If in March 2024, when Bitcoin reached its maximum, the application was in the top 20 of the App Store, now it is in 482nd place. The difference, according to Detcher, indirectly indicates that retailers have not yet fully awakened. As they return to the market, BTC could receive strong support for growth.

Similar opinion shared Samson Moe, CEO Jan3. He believes real growth is yet to come.

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Source: Cryptocurrency

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