S2F Model Creator: Bitcoin to $40000; No Drop Below $30000

Bitcoin

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.

Cryptos Headlines Token Airdrop Is Live, Claim $50 Worth Of 5000 CHT Token Free On CryptosHeadlinesToken.com



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.

Cryptos Headlines Token Airdrop Is Live, Claim $50 Worth Of 5000 CHT Token Free On CryptosHeadlinesToken.com



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.

Join Cryptos Headlines Community

Follow Cryptos Headlines on Google News

Author

  • Salim

    "Salim is a news writer at CryptosHeadlines who creates excellent, well-optimized content to ensure user satisfaction. He is skilled in forecasting News About Cryptocurrency Market & blockchain Industry."

Leave a Reply

Your email address will not be published. Required fields are marked *