Amid Bitcoin’s strong growth in July 2024, crypto community members wondered what levels the momentum could take the coin to.
We tell you to what levels and when, according to representatives of the crypto industry, the wave of growth can take BTC.
What’s Happening With Bitcoin
On the morning of July 17, 2024, Bitcoin momentarily broke through the $66,000 level. The last time the cryptocurrency traded near the designated height was in the twenties of June this year.
There are several reasons for Bitcoin’s growth. They were previously identified by Marcus Thillen of 10x Research. Among them: the assassination attempt on Donald Trump and news about the possible lifting of the ban on cryptocurrency in China. The positive dynamics of the cryptocurrency could also be supported by the end of the BTC sell-off by the German authorities and the market’s recovery from the shock associated with the upcoming payments to creditors of the Mt. Gox exchange that collapsed in 2014.
Where the growth wave will take Bitcoin
Against the backdrop of Bitcoin’s positive dynamics, crypto community members wondered when the next wave of growth would end and to what levels the current momentum could take the coin. Investors’ opinions diverged.
Economist Micro2Macr0 countsthat positive momentum could take Bitcoin to levels above $90,000 by October of this year. He outlined the expected trajectory of BTC on the chart.
Similar Bitcoin Forecast gave crypto blogger Karl Runefelt. He also believes that investors will see BTC above $90,000 in the fall. The blogger also outlined the expected trajectory of the cryptocurrency on the chart.
Crypto investor @Eljaboom in turn believesthat Bitcoin may end this year near current levels. The main growth of the cryptocurrency, in his opinion, will be recorded in 2025. Judging by the BTC trajectory indicated by the investor on the chart, he does not rule out the growth of the coin above $250,000 next year.
According to trader Yoddhain the near future BTC will be able to return to levels close to the absolute maximum, and by the end of the year – to overcome them and reach new peaks. Judging by the chart markings, he does not exclude Bitcoin at $ 140,000 by December 2024. At this level, in his opinion, a local maximum of BTC may be recorded.
Positive attitude saves and trader “Coosh” Alemzadeh. In his opinion, Bitcoin has not looked so promising for a long time. On the chart, he indicated the expected trajectory of the cryptocurrency with numbers. Judging by it, BTC will be able to test levels above $100,000 in the near future.
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Source: Cryptocurrency
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