2024

Bitcoin

April

According to economist Henrik Zeberg, Bitcoin (BTC) is bound to reach a price target of $110,000 and $115,000 within the next few months. 
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 TGH Special Guest | Henrik <a href="https://twitter.com/HenrikZeberg?ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">@henrikZeberg</a> shares his Melt-up then Meltdown Narrative. <a href="https://t.co/A0NeVHDGoR" target="_blank" data-wpel-link="external">https://t.co/A0NeVHDGoR</a>— TradeGATEHub (@TradeGateHub) <a href="https://twitter.com/TradeGateHub/status/1780265533188997128?ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">April 16, 2024</a>
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He is inclined to view the monthly RSI as a model of bullish cycles. Achieving the point where the superior BTC RSI is 70 has historically been shown to be a precursor to rapid price growth spikes. Zeberg’s bullish bias increases as Bitcoin’s RSI is currently at 71, which he uses as a bullish indicator. In addition to that, he predicts that the Bitcoin price may exceed $250,000. 
“I can actually see in an even crazier world… that we can reach $250,000, but $110,000 to $115,000 is my target,” he said. 
While Bitcoin is currently trading at $66,624.39, Zeberg’s forecast indicates a further rise in the market within the near future. 
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 <img decoding="async" src="https://lh7-us.googleusercontent.com/zEBIws_FwMD4YyKtFTDo1-k6614uyLDRLRC7QN-FeynlQzwiN6Mk_dyWqEV62ktg8cNPVE78NIG7HdtovvuW9pZNXK50XW4PF2KqdT7USk9Zi1AmVtG7EJmHmlvmyuDTv2FmbVo7poHFvgFZmrWpMOc" alt="zEBIws FwMD4YyKtFTDo1 k6614uyLDRLRC7QN FeynlQzwiN6Mk dyWqEV62ktg8cNPVE78NIG7HdtovvuW9pZNXK50XW4PF2KqdT7USk9Zi1AmVtG7EJmHmlvmyuDTv2FmbVo7poHFvgFZmrWpMOc">
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 Source: <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener" data-wpel-link="external">Coinmarketcap</a>
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Having that in mind, it is still critical to state that the cryptocurrency markets are characterized by high volatility. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/04/23/hong-kong-officials-urge-self-regulation-in-crypto-industry/" data-wpel-link="internal">Hong Kong Officials Urge Self-Regulation in Crypto Industry</a> 
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Economist Predicts Bitcoin to Hit $115,000 in Months

The Crypto Times

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