A crypto analyst has predicted that Bitcoin could reach a peak of $400,000, which would require a significant jump in its current price. This projection is based on the Bitcoin power law, a mathematical relationship between Bitcoin's price and time. The analyst believes that this price surge could occur in 2025. While some view this projection positively, others remain skeptical and suggest a more realistic target of $160,000 to $200,000. The price of Bitcoin has been steadily increasing, and another analyst believes that it is close to turning bullish. This analyst predicts that if Bitcoin breaks the key resistance level of $65,000, it could rally to new highs.
- Content Editor ( newsbtc.com )
- 2024-09-27
Historical Trends Put Bitcoin At $400,000 With Shocking Timeline