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CryptoXTimes > Article > Bitcoin News > Crypto Experts Predict Bitcoin Surge After Halving
Bitcoin NewsNews

Crypto Experts Predict Bitcoin Surge After Halving

Crypto experts foresee Bitcoin surge, CrediBULL targets $100K, Egrag $173K.

Aima Raza
Last updated: June 12, 2024 4:40 pm
Aima Raza 1 year ago
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Crypto Experts Predict Bitcoin Surge After Halving

After the halving, crypto experts have weighed in on where they believe Bitcoin’s price will go in the future. There are an abundance of predictions, and many people think that there will be a significant climb soon.

An important expert called CrediBULL Crypto says that Bitcoin is going to reach $100,000 in the next few days. He says that the coin will have a “absolutely giga send” in the next seven to ten days, which will end the recent price declines

56k.

20% below when this was tweeted and the bottom of the "brutal" correction. If you are reading this now, you made it through.

Downside now limited to 60k (invalidation) and realistically no lower than 62-63k (if that) with a high likelihood that this level gets front run… https://t.co/DSjF6RfIHo

— CrediBULL Crypto (@CredibleCrypto) June 8, 2024

Bitcoin’s Price Predictions

CrediBULL Crypto says that a previous “brutal” correction shows that BTC is not likely to drop much from where it is now, pointing to a floor around $60,000.

CrediBULL Crypto also sees a bullish trend and points out positive signs like falling open interest and spot prices coming back. He used to think that BTC would drop to $66,000 before going back up, but now he thinks that the conditions are right for it to start going up again.

Egrag Crypto agrees with this confidence and says that Bitcoin will reach an even higher goal of $173,000. Egrag draws comparisons between consolidation trends and how Bitcoin’s price moved during the 2017 market cycle. 

#BTC Next Target – $173K:

I've mentioned many times before that this cycle pattern is mirroring the 2017 Cycle (Cycle B) 📈. Right now, #BTC is just consolidating around Fib 1.0, just like it did in Cycle B.

In Cycle B, we had 4 monthly candles followed by an explosive fifth… pic.twitter.com/FQ54P1B5RJ

— EGRAG CRYPTO (@egragcrypto) June 11, 2024

He thinks that the powerful fifth monthly candle that happened in 2017 will happen again, and he thinks that this surge will happen in July.

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TAGGED: Bitcoin, BTC, Cryptocurrencies
By Aima Raza
As a practicing lawyer who focuses on issues related to crypto and blockchain, Aima gives our content a unique legal viewpoint. Because she is so good at navigating the constantly changing regulatory environment, our readers always know about the latest regulations and happenings in the crypto world.
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