{"id":132675,"date":"2024-07-09T08:30:58","date_gmt":"2024-07-09T05:30:58","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=132675"},"modified":"2024-07-08T17:21:35","modified_gmt":"2024-07-08T14:21:35","slug":"bitcoins-price-forecast-sparks-debate-among-analysts","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoins-price-forecast-sparks-debate-among-analysts\/","title":{"rendered":"Bitcoin&#8217;s Price Forecast Sparks Debate Among Analysts"},"content":{"rendered":"<p>Last week, <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">BTC<\/a><\/strong> hit a bottom of $53,540, its lowest level since February, before rebounding to $57,200 at the time of writing.<\/p>\n<p>This fluctuation has sparked debate among experts, with some optimistic about a quick recovery.<\/p>\n<p>A Standard Chartered analyst predicts Bitcoin could surpass $100,000 by year-end, citing ongoing institutional interest and expectations around potential regulatory shifts under a potential Trump presidency.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/bitcoin-analyst-predicts-potential-rally-by-october-based-on-historical-trends-2\/\" title=\"Bitcoin Analyst Predicts Potential Rally by October Based on Historical Trends\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/02\/bitcoin-timi-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Bitcoin Analyst Predicts Potential Rally by October Based on Historical Trends<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Meanwhile, Ki Young Ju of CryptoQuant remains bullish, <strong><a href=\"https:\/\/x.com\/ki_young_ju\/status\/1809254974443954403?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">forecasting<\/a><\/strong> potential dips to $47,000 but expecting a rise to $112,000 next year.<\/p>\n<p>Analysts also see potential bullish indicators, including expected Federal Reserve interest rate cuts and market movements away from risk-averse assets to tech stocks and Bitcoin.<\/p>\n<p>However, others caution that Bitcoin\u2019s price decline may persist, pointing to technical patterns and ongoing large-scale transactions and liquidations affecting market sentiment.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Has Bitcoin completed a double top?<br>\nYes or no????<br>\nIf yet, minimum target is $44,000<br>\nWhat do you think?<a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$BTC<\/a> <a href=\"https:\/\/t.co\/EpzeihHJtF\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/EpzeihHJtF<\/a><\/p>\n<p>\u2014 Peter Brandt (@PeterLBrandt) <a href=\"https:\/\/twitter.com\/PeterLBrandt\/status\/1809961868603048271?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">July 7, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin&#8217;s price has recently entered a bear market phase amid various challenges.<\/p>\n","protected":false},"author":3,"featured_media":87337,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[72],"class_list":["post-132675","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin&#039;s Price Forecast Sparks Debate Among Analysts - CryptoDnes EN<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptodnes.bg\/en\/bitcoins-price-forecast-sparks-debate-among-analysts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" 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