Fun

News Feed - 2023-11-03 07:11:00

William Suberg13 hours agoBitcoin to the moon! Top 5 BTC price predictions for 2024 and beyondBitcoin is due to hit $45,000 by the end of 2023, with post-halving BTC price targets reaching a giant $250,000.21427 Total views78 Total sharesListen to article 0:00Markets NewsJoin us on social networksBitcoin (BTC) continues to circle its highest levels in 18 months, and bullish BTC price predictions are flowing in — how high can the bull market go and how fast?


From a crash to $20,000 to six figures within months, there is plenty of variety when it comes to what Bitcoin might do next, with November traditionally one of its most volatile months.BTC/USD monthly returns (screenshot). Source: CoinGlass


The mood among crypto traders and analysts has improved over the past month after “Uptober” delivered nearly 30% BTC price gains.


Cointelegraph looks at five of the most popular targets for 2024 and beyond. Stock-to-Flow may not have come true — at least for now — but $250,000 is still on the radar.Matrixport predicts $45,000 within two months


A lot can happen in Bitcoin within a short space of time, and with 2024 less than two months away, there is plenty of time for fresh BTC price volatility to take hold.


Before the yearly candle close, some say, BTC/USD will be higher than at present — to the tune of another 30%.


That prediction came from Matrixport, the cryptocurrency trading firm founded by Jihan Wu, himself a co-founder of Bitcoin mining giant Bitmain.


Related: 4 signs Bitcoin is starting its next bull run


In a blog post in late October, Matrixport doubled down on a $45,000 year-end price target, which it initially revealed in January. It was based on a handful of in-house models, with Matrixport also successfully predicting Bitcoin’s October gains.


“Bitcoin is breaking above the July $31,500 resistance level, showing that $45,000 is achievable by year-end,” it summarized.


BTC/USD currently trades at around $34,500, per data from Cointelegraph Markets Pro and TradingView, meaning that the end-of-year level requires another 30% push.BTC/USD 1-week chart. Source: TradingViewBitQuant: New all-time high pre-halving, $250,000 after


For many, the halving is a watershed moment in every Bitcoin price cycle — but one well-known commentator believes that new all-time highs will come even before then.


In September, BitQuant stated that BTC/USD would surpass its current $69,000 peak before April 2024.


He told X subscribers:“No, Bitcoin is not going to top before the halving. Yes, it"s going to reach a new all-time high before the halving. No, BTC is not going to $160K because the magnitude of every pullback is large. This means it will peak after the halving, in 2024. And yes, the target price is around $250K.”


Both the all-time high and the post-halving $250,000 target came courtesy of Elliott Wave charting, with Bitcoin mimicking behavior from previous cycles.BTC/USD annotated chart. Source: BitQuant/X


BitQuant did, however, make room for a total of four “pullbacks” on the way to the quarter million mark.


“There will be one pullback before breaking to a new all-time high, followed by another pullback around $125K. Additionally, there will be two more pullbacks after the halving, which are not demonstrated here,” he added in X interactions.Three BTC price models, one $130,000 target zone


Bitcoin all-time high predictions are not only coming from individual market participants — BTC price models are also flipping bullish.


Last month, Cointelegraph reported on a range of forecasting tools, which are all focusing on an area of around $130,000 per Bitcoin.


These come from popular analyst CryptoCon, who nonetheless believes that a six-figure BTC price may take two years to become a reality.


“I am prepared for lower prices, but the stars are aligning at 130k for Bitcoin this cycle!” he wrote in an X thread on the model data.


The concept also hinges on halving events, and the next peak should come around four years after the $69,000 move in November 2021.Bitcoin price model based on halving cycles. Source: CryptoCon/XThe one million dollar question


It is no secret that some believe a $1 million BTC price tag is only a matter of time.


Related: New BTC price breakouts see Bitcoin traders confirm targets up to $48K


This year, Cathie Wood, founder, CEO and chief investment officer of asset management firm ARK Invest, has joined former BitMEX CEO Arthur Hayes in doubling down on seven-figure Bitcoin.


When this could happen is — understandably — up for debate, but changing macroeconomic tides have emboldened what remains a daring BTC price prediction.


In October, Hayes maintained that the path to $1 million per Bitcoin was “in full effect” thanks to macro reality.


“If people lose faith in the bond market and this fiat artificial construction that we’ve created over the past 80 to 100 years — this global economy and how it’s been structured — if we lose confidence in that, then the amount of money that’s going to be looking for an alternative is going to be something that we’ve never seen before,” he said in an interview with Blockworks’ On The Margin podcast on Nov. 1.


For her part, Wood said in an interview with Bloomberg on Nov. 3 that she would “hands down” choose Bitcoin over gold as an inflation hedge.


This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.# Bitcoin# Bitcoin Price# Markets# PredictionsAdd reactionAdd reactionRead moreBitcoin beyond 35K for Christmas? Thank Jerome Powell if it happensOpinion: With Bitcoin’s halving months away, it may be time to go risk-onBTC price hits 2-month high amid bet Bitcoin will break $32K ‘soon’

News Feed

Blockchain may help whistleblowers of the future
Alexander Linton1 hour agoBlockchain may help whistleblowers of the futureDecentralized technology might have the ability to offer whistleblowers of the future more secure methods for sharing evidence.138 Total viewsList
Crypto’s glass ceiling: Obstacles remain for women in Web3
Daniel Ramirez-Escudero8 hours agoCrypto’s glass ceiling: Obstacles remain for women in Web3Web3 is meant to be an inclusive sector, but more needs to be done to break the glass ceiling, as revealed by several testimon
Publicly-Listed Lottery Company to Buy $14.4M Worth of Bitcoin Mining Machines
Publicly-Listed Lottery Company to Buy $14.4M Worth of Bitcoin Mining Machines A U.S. listed Chinese sports lottery firm announced that it has entered into a pur
Netherlands-Based Coinbase Customers Required to Submit KYC Data When Transferring Crypto off the Platform
Netherlands-Based Coinbase Customers Required to Submit KYC Data When Transferring Crypto off the Platform Coinbase has announced that the company plans to introduce a number of ch
‘AWS for Web3’ Pocket Network Shakes Up Infrastructure of the Internet
‘AWS for Web3’ Pocket Network Shakes Up Infrastructure of the Internet press release PRESS RELEASE. Tampa Bay, Florida, U.S.A – 16th January 2022– Pocket Network &
Patient Capital Management switches out Grayscale Bitcoin Trust for BTC ETP
Derek Andersen7 hours agoPatient Capital Management switches out Grayscale Bitcoin Trust for BTC ETPThe asset manager"s Opportunity Trust Fund has $1.4 billion in assets under management.2565 Total views3 Total sharesLis
The World Economic Forum Is Worried About Safety in the Metaverse
The World Economic Forum Is Worried About Safety in the Metaverse The World Economic Forum (WEF), one of the most influential international institutions, has expressed its worries
Stanford Alumni Revealed as Co-Signers of FTX Co-Founder’s $250M Bond
Stanford Alumni Revealed as Co-Signers of FTX Co-Founder"s $250M Bond According to the latest court documents in the fraud case involving former FTX CEO Sam Bankman-Fried in Manhat
3 things that can spoil a potentially bullish July for Bitcoin
Yashu Gola5 hours ago3 things that can spoil a potentially bullish July for BitcoinBTC price is likely to face headwinds in July from Mt. Gox repayments that could result in a "bull pennant" breakdown on the ch
Marco Castrovilli7 hours agoHuman vs. AI: Who is better at crypto investing?Cointelegraph journalist Giovanni Pigni spent two weeks challenging an AI program in a crypto investment competition.584 Total views59 Total sha
SEC says Justin Sun ‘traveled extensively’ to US, giving sway to lawsuit
Jesse Coghlan2 hours agoSEC says Justin Sun ‘traveled extensively’ to US, giving sway to lawsuitThe SEC filed an amended suit against Justin Sun after the Tron founder sought to dismiss the suit last month, claiming
Bitcoin Breaches 12-Year Support Line Against Gold – Is The Bull Run Over?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu