After Bitcoin no longer "owes" anyone, what will its future trend be?

Original title: "Bitcoin has just rewritten history, where will it go?" 》

Original author: 1912212.eth, Foresight News

Bitcoin no longer "owes" anyone...

After 27 months, the voice of "Bitcoin is about to break 7" has resounded in the crypto world, and Bitcoin also officially broke through the previous level today. The bull market milestone of 69,000 hit a record high, with the price reaching a maximum of 69,080 USDT at the time of writing. After soaring 44% in February, the increase exceeded 10% in the first week of March. In the past few rounds of Bitcoin halving cycles, the sharp rise in the market often occurred about half a year after the halving node. This time it seems to have come a little early.

After breaking through all the so-called "previous highs", Bitcoin has entered a "resistance vacuum area" on a technical level. Where will the market go next? Can the "regular" rapid rise after halving be repeated again given the considerable gains already accumulated?

Foresight News has sorted out the medium and long-term judgments made by institutions and some KOLs in recent times for reference.

Matrixport analyst Markus: Reaching $125,000 by the end of this year or next year

Matrixport analyst Markus Thielen has been accurate in his previous predictions, but he has also caused controversy and market volatility by expressing negative views on whether a Bitcoin spot ETF will be approved.

He said: In the US election years of 2012, 2016 and 2020, the average return rate of BTC was 192%, and Bitcoin rose by more than 100% in each year. 100%. One indicator seen last July was a 300% rally when Bitcoin hit a new one-year high for the first time in a year. We were very accurate last year and may be more conservative this year. Bitcoin may reach $125,000 by the end of this year or next year.

Galaxy Digital founder Novogratz: Bitcoin may see some adjustments before hitting a record high and "rising sharply" at the end of the year

Michael Novogratz had previously accurately predicted in the middle of last year that the market would recover in late summer. He said in a recent interview that if there is a correction, BTC may reach around $50,000 and then reach a new high. Large institutional players are less leveraged in the current cycle compared to the 2021 bull market, but retail traders are too highly leveraged.

Fundstrat co-founder Tom Lee: It may be $82,000 in the short term

Tom Lee was interviewed by CNBC Shi said that BTC may reach US$82,000 in the short term and US$150,000 before the end of the year. It is worth mentioning that Tom Lee said in an interview in August last year that the SEC’s approval of a Bitcoin spot ETF may push the price to more than $150,000.

Well-known analyst PlanB: The average price of BTC in the 2024-2028 cycle is US$532,000

PlanB was previously famous for its self-invented S2F chart, but it was criticized for its forecasting errors after the last bull market. This time he once again predicted on Twitter that the Bitcoin price from 2024 to 2028 will be $532,000.

JPMorgan Chase: April After the halving, the price of Bitcoin may fall to US$42,000

JP Morgan analysts analyzed at the end of February that the price of Bitcoin will fall to US$42,000 after the halving. The reasons given were reduced miner rewards and rising mining costs. Analysts said that Bitcoin mining costs have become the lower limit of Bitcoin prices. The current BTC mining cost range is US$26,500 and will double to US$53,000 after the halving event.

ChatGPT: BTC may reach $88,000 this year

According to a Twitter user Test, after the data is input into ChatGPT, the following data graph is listed. ChatGPT predicts that BTC could reach $88,000 this year and surpass $100,000 by the end of next year.

Trader Alan Tardigrade: $130,000 before the end of the year

Well-known trader Alan Tardigrade posted a chart on Twitter (February of this year), indicating the emergence of a so-called handle chart, the model predicts that BTC will reach $130,000.

Founder of Capriole Investments: BTC will exceed US$250,000 in 2025

Founder of digital asset fund Capriole Investments Charles Edwards tweeted that if the post-halving returns are the same as in 2020, the price of Bitcoin will reach $280,000 next year.

Cryptocurrency analyst Tuur Demeester: By 2026, the price of Bitcoin will be between US$200,000 and US$600,000

Tuur Demeester, a well-known cryptocurrency analyst and early Bitcoin evangelist, predicts that the price of BTC will fluctuate between US$200,000 and US$600,000 by 2026. The main reasons include the Federal Reserve’s interest rate cuts.

Deemester tweeted in 2019 that Bitcoin would reach $50,000-100,000. Bitcoin hit an all-time high of $69,000 during the 2021 bull run.

Well-known analyst cevo: just buy on dips

If BTC reaches the highest $120,000, dump all the tokens at that point, and while that might miss the most profitable weeks for altcoins (even though they will eventually fall like BTC), I won’t waste my time predicting a market top. Selling a portion of the market after a huge surge and buying the dip when there is a huge plunge.

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