Bitcoin Price Prediction: BTC Targets $250,000 After Halving, Says BitQuant
Summary:
Popular social media commentator BitQuant predicts that Bitcoin (BTC) will reach a target price of $250,000 after the next block subsidy halving. This prediction comes as BitQuant believes Bitcoin will surpass its previous all-time high before the halving, which is six months away. However, there are divided opinions among Bitcoin traders regarding price action leading up to the halving. Bitcoin's current price is around $26,400. Please note that this article does not offer investment advice.
Bitcoin's (BTC) next block subsidy halving is expected to pave the way for a target price of $250,000, according to BitQuant, a well-known social media commentator. BitQuant predicts that Bitcoin will reach a new all-time high before the halving, which is six months away. While some analysts believe that the emission restrictions resulting from the halving will boost BTC's price performance, BitQuant believes that Bitcoin will surpass its current record set in 2021 and reach $250,000 per coin after the next halving cycle begins in 2024. However, there is a divide among Bitcoin traders regarding the price action leading up to the halving, with some suggesting more conservative price levels. Bitcoin's price currently sits at around $26,400, showing a 1.3% increase in September. Please note that this article does not provide investment advice.
Published At
9/15/2023 4:40:32 PM
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