Bitfinex Predicts Bitcoin Could Hit $290K Peak by 2026: What Do You Think?
Dec 17, 2024 at 07:24
46 Visa
1 Replies
Medlem sedan Mar 09, 2024
3 inlägg
Dec 17, 2024 at 07:24
According to the latest Bitfinex Alpha report, Bitcoin (BTC) could potentially reach a peak of $290,000 by early 2026 if it follows a similar path to the 2017 bull market. This prediction is based on historical price trends, institutional adoption, and key technical indicators.
Key Insights:
- After a 155.5% rebound in 2023, BTC has maintained strong momentum into 2024, trading between $55,000 and $70,000.
- The current bull market was triggered by expectations surrounding the 2024 Bitcoin halving event, which historically has sparked bull cycles.
- Institutional buying and the launch of the U.S. spot Bitcoin ETF have provided stable demand, limiting large market corrections.
Historical Context:
- The 2017 bull market saw BTC’s price peak three times higher than its moving average. However, as Bitcoin matures, returns have become more conservative, and price predictions are now more cautious.
- If Bitcoin follows the 2021 cycle trajectory, it could peak around $340,000, though a more realistic scenario suggests a $160K-$200K peak by mid-2025.
What’s Your Take?
- If the 2017 cycle doesn’t repeat exactly, a $290K peak by 2026 seems possible.
- How do you see the future of Bitcoin? Will institutional adoption and ETFs continue to drive growth, or are there risks to consider as the market matures?
Key Insights:
- After a 155.5% rebound in 2023, BTC has maintained strong momentum into 2024, trading between $55,000 and $70,000.
- The current bull market was triggered by expectations surrounding the 2024 Bitcoin halving event, which historically has sparked bull cycles.
- Institutional buying and the launch of the U.S. spot Bitcoin ETF have provided stable demand, limiting large market corrections.
Historical Context:
- The 2017 bull market saw BTC’s price peak three times higher than its moving average. However, as Bitcoin matures, returns have become more conservative, and price predictions are now more cautious.
- If Bitcoin follows the 2021 cycle trajectory, it could peak around $340,000, though a more realistic scenario suggests a $160K-$200K peak by mid-2025.
What’s Your Take?
- If the 2017 cycle doesn’t repeat exactly, a $290K peak by 2026 seems possible.
- How do you see the future of Bitcoin? Will institutional adoption and ETFs continue to drive growth, or are there risks to consider as the market matures?
Medlem sedan Oct 21, 2024
55 inlägg
Dec 17, 2024 at 09:18
I think BTC will rise again in January, around the time Trump restarts his second term. What do you think about the halving event's impact?
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