Bitfinex analysts predict Bitcoin’s bull market top could occur around Q4 2024

  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 53%

Bitcoin News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Bifinex analysts predicted that Bitcoin could reach at least $120,000 during the current bull-market cycle, which may potentially end in Q4 2024.

Analysts at crypto exchange Bitfinex have predicted that the current bitcoin bull market cycle may peak in the fourth quarter of 2024.

The analysts stated that bitcoin historically reaches its market top when a specific ratio goes above 3.2 — suggesting that there might be room for further growth before the digital asset hits a peak. Bitfinex analysts forecasted that during the current cycle, Bitcoin could reach at least $120,000. "Based on on-chain indicators and historical patterns, bitcoin is expected to reach a peak of at least $120,000 during this cycle."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 464. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines