Willy Woo predicts Bitcoin above $30,000. Matrixport’s Markus Thielen sees BTC surpassing $40,000 as “inevitable.” Dan Held agrees, stating Bitcoin below $40,000 would be brief.
Top analysts suggest that Bitcoin might soon hit $40,000 and is unlikely to fall below $30,000 again, based on their reviews.
Analysts Anticipate Bitcoin Surge Beyond $40,000 Soon
Renowned analyst Willy Woo envisions Bitcoin maintaining a steady value above $30,000 in the near future. This sentiment aligns with Plan B’s realized price chart, emphasizing enthusiasts to savor Bitcoin below $40,000. The current Bitcoin value hovers just below $38,000, amid a robust bull market and heightened optimism.
Markus Thielen, Head of Research at Matrixport, deems it “inevitable” for BTC to surpass $40,000, especially post-Binance’s agreement with the U.S. Department of Justice. His team estimates an 80% probability of Bitcoin reaching this milestone by December.
Dan Held, a staunch Bitcoin advocate, echoes the optimism, anticipating a surge to the $40,000 threshold. Responding to queries about potential price drops, Plan B underscores a bullish stance, anticipating a significant increase in Bitcoin’s value, projecting an average between $100,000 and $1,000,000 during the 2024-2028 halving cycle.
Additional Support for $40,000 Bitcoin Target
In tandem with Plan B’s perspective, Bitcoin advocate Dan Held is aligned in the belief that Bitcoin below $40,000 is temporary. Another enthusiast views sub-$40,000 prices as a “gift.” Plan B supplements this sentiment with a “realized price” chart, illustrating a recurring pattern correlating with a five-month ‘realized price’ threshold, historically signaling bullish trends.
The current price line is marginally above the five-month realized price, a historical alignment that typically precedes notable price increases, according to Plan B. This outlook echoes Willy Woo’s recent projection, as he presented a cost basis density map, suggesting that if ongoing trends persist, BTC may not dip below $30,000 again.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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