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Analyst Sets Bitcoin $285,000 Target Using Quantile Model

Author: Content Editor
According to market analyst Sina, Bitcoin could reach $285,000 per coin by the end of the current bull run. Sina utilized a quantile regression model to predict Bitcoin's potential price range and identified three zones: the cold zone (price range of $55,000 to $85,000), the warm zone (price range of $85,000 to $136,000), and the hot zone (price range of $136,000 to $285,000). Sina advised aggressive accumulation in the cold zone, mild accumulation in the warm zone, and a cautious approach in the hot zone. Sina also suggested that Bitcoin could surpass the $285,000 mark and peak at higher levels. Other analysts, such as Michael van de Poppe, have also made ambitious price predictions for Bitcoin. However, Uphold's research head, Dr. Martin Hiesboeck, warned that the market may be overheated and could experience a decline.

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