Is $250,000 Still In Play?
Back in 2023, when BitQuant made the initial prediction that Bitcoin would reach a new all-time high before the halving, he had set out a price target for the cryptocurrency. As the crypto analyst explained at the time, reaching a new all-time high before the halving, although it has never happened before, does not mean that it will peak by then.
Rather, the analyst expects the bull rally to continue well after the halving, which is when the price will peak. BitQuant’s target at the time was the price peaking at $250,000 at the top of the cycle. However, this target has not made an appearance in his analyses in recent times.
The most recent predictions circle around the $95,000 target and the analyst expects it to hit this price in May. In a prediction from April, BitQuant expects that the price will first go to $49,000, before recovering to $75,000, and then surge to $95,000.
First $49K,
Then $75K,
Now $95K.
What’s next will be revealed after we hit $95K and take a little break in the tent. #Bitcoin https://t.co/yvKyHZZWQw— BitQuant (@BitQua) April 25, 2024