"Bitcoin Price Forecast: Traders Eye $60K Support Amid Market Recovery"
TL;DR
Bitcoin's price surged to a record high of $73,000 before dropping back to around $68,000, with experts predicting a bullish outlook despite short-term volatility. Analysts at Bernstein forecast a price of $150,000 by mid-2023, while Galaxy Digital CEO Michael Novogratz believes the price won't dip below $50,000 again. JPMorgan remains cautious, suggesting a potential 33% drop after the upcoming halving event, while Microstrategy CEO Michael Saylor sees bitcoin as a digital alternative to gold and expects dwindling supplies to drive further price increases.
- Bitcoin price outlook: Where experts see the token headed next Business Insider
- Bitcoin Trader Sees Prices Slumping to $60K as Crypto Bulls See $650M in Liquidations CoinDesk
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- Top Altcoins To Stack As The Market Recovers from Recent Correction Coinpedia Fintech News
- Bitcoin traders eye $60K BTC price support as 'huge' futures gap opens Cointelegraph
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