Some analysts predict that Bitcoin could reach $140,000 in the next few months, but there are challenges and uncertainties that could complicate this. Crypto analyst Benjamin Cowen analyzed Bitcoin's price chart and compared it to previous post-halving years, which tend to show volatility and mixed results followed by gradual increases. While Cowen expects Bitcoin to rise, he notes that recent post-halving years have shown diminishing returns, suggesting that the current bull run may be nearing its peak. Cowen suggests that Bitcoin could hit $120,000 to $140,000, but if inflation or unemployment rises sharply, it could experience a significant sell-off. He also advises maintaining a Bitcoin-heavy portfolio and focusing on risk management rather than chasing market predictions.
Content Editor ( coinedition.com )
- 2025-01-23
Bitcoin Could Hit $140K in the Near-Term, Analyst Says
