crypto experts and analysts have given your opinions on how bitcoin could rise in this bull cycle, and some think the flagship crypto token could rise up to $237,000. Now, this crypto expert has given a more ambitious price prediction, increasing the possibility of bitcoin reaching $500,000.
Bullish Sentiment Shows bitcoin May Hit $500,000
bitcoin-150000-40-correction/” rel=”nofollow”>The cryptanalyst Michaël van de Poppe mentioned in an X (formerly Twitter) mail that the probability of btc reaching $500,000 in the long term is “definitely there.” He based this claim on “overly bullish sentiment,” which he claims is great for bitcoin.
On the road to $500,000, Michaël van de Poppe noted that “corrections will occur and they will be harsh.” However, he believes this should not deter investors but rather serve as a “great buying opportunity,” especially when bitcoin/” rel=”nofollow”>btc corrects 20% or more. This has been the case with bitcoin-bet-btc/” rel=”nofollow”>Michael Saylor's microstrategywho has continued to buy on bitcoin dips and now maintains bitcoin/” rel=”nofollow”>1% of the circulating supply of bitcoin.
Interestingly, a pseudonymous crypto analyst (bitcoin Munger) also bitcoin-targets-500000-scary-dips/” rel=”nofollow”>recently shared his bitcoin goal of $500,000. Unlike Michaël van de Poppe, who did not provide a specific time frame, this analyst hinted that bitcoin would reach this price level by mid-2025. Meanwhile, bitcoin Munger echoed Michaël van de Poppe's sentiment, stating that there will be many “scary falls along the way.”
Significant price corrections in this bull cycle seem inevitable, and different crypto analysts have continued to emphasize this point. crypto/” rel=”nofollow”>Alex ThornHead of Research at Galaxy Digital, too mentioned Corrections are expected as the market does not move upward without restraint, even in a bull market.
The most ambitious btc price prediction yet
So far, the most ambitious bitcoin price prediction remains that of the CEO and Bitcoiner from January 3rd. bitcoin-swift-rise-to-1-million/” rel=”nofollow”>Samson cut. Cut predict that btc could reach $1 million this year. He referred to the imbalance between demand and supply of btcso he believes that the flagship crypto token can reach such heights.
Mow believes that the price of bitcoin will “react accordingly” as demand for the crypto token exceeds supply from miners. This supply will be bitcoin-supply-shock-57-of-btc-hasnt-moved-2-years/” rel=”nofollow”>Cut in half when the Halving event takes place in April. The consequences of the event can create a bitcoin-etfs/” rel=”nofollow”>Potential btc shortage, which will undoubtedly help drive up its price. However, btc at $1 million still seems unimaginable.
At the time of writing, bitcoin is trading at around $67,300, up more than 7% in the last 24 hours, according to data from CoinMarketCap.
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btc drives another market recovery | Source: BTCUSD on Tradingview.com
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