Bitcoin Peak of $120,000 By Late 2024, Major Alt Season To Follow: Bitfinex
Portfolio Pulse from Murtuza Merchant
Bitfinex analysts predict Bitcoin could peak at $120,000 by late 2024, driven by historical patterns and on-chain indicators. They also foresee a significant altcoin season, particularly in DeFi, AI, and meme coins. Potential challenges include regulatory crackdowns, macroeconomic factors, and market saturation.
June 07, 2024 | 6:29 pm
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Bitfinex analysts predict Bitcoin could peak at $120,000 by late 2024, driven by historical patterns and on-chain indicators. The MVRV ratio suggests room for further price appreciation.
The prediction is based on historical patterns and key on-chain indicators like the MVRV ratio, which currently suggests room for further price appreciation. This could drive investor interest and price increases in the short term.
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