Favorable macro environment, strong on-chain fundamentals, and the approval of the new futures-based exchange traded fund (ETF) in the United States will launch Bitcoin (Bitcoin) According to a survey of fintech industry experts commissioned by Finder, this quarter hit a record high.
50-person industry team expect Bitcoin reached a peak of just over $80,000 during the quarter, and then reached around $71,400 at the end of the year. On Tuesday, the trading price of the flagship digital currency was $62,600. Cointelegraph Markets ProThe target of $80,000 means that BTC has 28% upside potential in the next few months.
The Finder team includes Daniel Cawrey, Chief Operating Officer of Cypherpunk Holdings, Nik Oraevskiy, CEO of Bitcoin Reserve, Jonathon Miller, Director of Kraken, Vetle Lunde, Arcane Research Analyst, and Ki Young Ju, CEO of CryptoQuant. Seven university professors from Asia, Europe and Australia also expressed their opinions.
Although the consensus goal put Bitcoin on a bullish quarterly trajectory, it is well below the coveted six-figure price level that many analysts believe is not only possible but possible. Standard Chartered Bank’s forecast And Bloomberg suggest 100,000 USD Bitcoin may become a reality this year Due to the combined effect of technology, fundamentals, and adoption-based factors.
Aside from the psychological milestone, the $100,000 BTC price target is not as important as determining when the current market cycle reaches its peak, assuming it has not yet reached its peak.Institutional participation in Bitcoin Accelerated in the past five weeks, Provides a convincing sign that the bull market has recovered after shrinking in the summer.According to on-chain analyst Willy Woo, the next phase of the Bitcoin market will be “more volatile” than the previous bull market period, which means Longer time frame for the current period.