TL;DR
Analysts are optimistic about BTC potentially reaching new highs, with some forecasts suggesting it could hit $100K, but Chris Burniske warns of a potential “final wipeout” after such a peak.
While some Twitter users expect BTC to rise post-2024 due to events like the approval of BlackRock’s Bitcoin ETF or the Bitcoin halving, others, like Josh Olszewicz, predict a more conservative increase to $38,000 by the end of 2023.
On the far bullish end, Luke Broyles speculates that BTC could skyrocket to $3 million per coin, drawing parallels to the exponential growth of the early Internet.
BTC Price Surge Might Hide Risks
The cryptocurrency market revival and the substantial price increase of bitcoin (BTC) have given investors fresh hopes that a bull run toward a new all-time high might ignite in the near future. Some analysts have supported that thesis, envisioning the asset to reach or even surpass the coveted level of $100K in the following years.
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