Bitcoin is headed for new all-time highs before its April 2024 halving, says a new BTC price prediction.
Bitcoin has a $250,000 target for after its next block subsidy halving — but new all-time highs will come sooner.from BitQuant, the popular social media commentator who sees a rosy future for the largest cryptocurrency.In his latest post on X on Sep. 15, the pseudonymous “central banker and Bitcoiner” revealed a pre-halving target above $69,000.“Yes, it's going to reach a new all-time high before the halving.
For BitQuant, however, that alone is not bullish enough. Not only will Bitcoin beat its current record, set in 2021, before next April — it will go on to hit $250,000 per coin after the next halving cycle begins.“This means it will peak after the halving, in 2024. And yes, the target price is around $250K.”As Cointelegraph reported, market participants are highly divided when it comes to how BTC price action will play out into the halving and beyond.
In a subsequent interview with Cointelegraph, meanwhile, Filbfilb, co-founder of trading suite Decentrader, gave a pre-halving“Assuming no black swan event, around $35,000 by the end of the year and possibly as high as $46,000 some time pre-halving in Q1 2024,” he said. Bitcoin traded at around $26,400 on Sep. 15, up 1.3% in September so far, per data from monitoring resourceThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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