Spot Bitcoin ETF rally to over $31,000 after their application bitcoin Currently, it continues its horizontal movements above $30,000.
Investors BTC’While waiting for a movement for the new rally from the famous bank Standard Chartered analysts announced the new Bitcoin forecast.
ReutersAccording to the news of , he stated that the crypto winter was over last April. “$100,000 in Bitcoin for the end of 2024” forecasting Standard Chartered, BTC raised price expectations.
According to bank analysts Bitcoin will reach $50,000 in 2023 and $120,000 by the end of 2024. he thinks he can achieve.
Bank analysts led by Geoff Kendrick wrote in their report:
“We have raised our forecast for Bitcoin and we think Bitcoin could reach $50,000 in 2023 and $120,000 by the end of 2024.
Increased miner profitability per Bitcoin mining means they can sell less, reduce the net supply of BTC, and raise BTC prices while maintaining their cash inflows.
We believe that a potential increase in BTC price could also push Bitcoin miners to stockpile more of the coins they mint.”
*Not investment advice.
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