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
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100