Bitcoin BTC’s Fair Value Far Beyond $70k ATH, Analyst Predicts Unprecedented Bull Run

  • Crypto analyst Michaël van de Poppe claims Bitcoin is still “heavily undervalued” despite recent ATH, eyeing $150,000.
  • Introduction of Spot Bitcoin ETFs and institutional demand signal a unique bull cycle, potentially pushing BTC above $200,000.
  • “Bitcoin’s price surge is just the beginning; historical patterns suggest the peak could reach between November 2024 and February 2025,” says Ali Martinez.

Despite reaching a new all-time high, Bitcoin is considered undervalued by experts, with predictions setting its fair value much higher, indicating a bull run like no other in history.

The Underestimation of Bitcoin’s Value

Michaël van de Poppe’s assertion that Bitcoin remains “heavily undervalued” at its current levels has sparked discussions about the cryptocurrency’s true potential. With predictions ranging from $150,000 to over $200,000, experts believe that the current bull cycle, bolstered by the introduction of Spot Bitcoin ETFs and increasing institutional interest, will outperform previous market cycles. This optimism is grounded in the significant demand outpacing the miners’ supply, especially as the Bitcoin Halving approaches, potentially exacerbating the supply-demand imbalance and fueling further price increases.

A Bull Run Unlike Any Other

The current bull cycle is distinguished by several factors that set it apart from past cycles, including the involvement of institutional investors through Spot Bitcoin ETFs. This cycle’s dynamics are also influenced by a constrained supply due to the upcoming Bitcoin Halving, which historically has led to price surges. Analysts like Ali Martinez highlight that, based on historical patterns, Bitcoin could be on its way to reaching new heights in the next year, with a market top predicted between November 2024 and February 2025. However, as Alex Thorn from Galaxy Digital cautions, the path to these new highs will likely include sharp corrections, underscoring the volatile nature of bull markets.

Conclusion

Bitcoin’s journey past its recent all-time high of $70,000 is just the beginning, according to crypto analysts who see the digital asset as significantly undervalued. With the introduction of Spot Bitcoin ETFs and a growing institutional demand, the current bull cycle is poised to be unprecedented. While optimistic predictions set Bitcoin’s fair value at figures well above $100,000, investors are reminded of the potential for volatility and corrections along the way. As the market anticipates the next Bitcoin Halving, the stage is set for a fascinating period in the cryptocurrency’s history, potentially leading to record-breaking price levels.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.
spot_imgspot_imgspot_imgspot_img

Latest News

Bitcoin Price Surge Predicted: Analyst Sees BTC Hitting $650,000 Fueled by ETFs

Get the latest insights on Bitcoin's potential trajectory – could the dominant cryptocurrency surpass gold's market cap and reach new heights?

Bitcoin Halving to Spark Supply Shock, Says Samson Mow – Omega Time Ahead?

Influential Bitcoin advocate Samson Mow offers a bullish outlook on Bitcoin's future, citing the upcoming halving and growing ETF inflows as key drivers. Here's why he believes the current market turbulence could lead to a surge in BTC price.

Bitcoin Price Plunge Continues: Analysts Predict Further Drops to $59K

Bitcoin's rollercoaster ride continues, with experts weighing in on where the bottom might lie. Get the latest price analysis, predictions, and insights into what these movements could mean for your crypto portfolio.

Bitcoin and Altcoins Face Correction Risk as Rate Cut Expectations Decline

Discover why Bitcoin and other cryptocurrencies may be on shaky ground, as economic indicators point to a potential market correction. Get expert insights on shifting market dynamics and what it could mean for crypto investors.

Bitcoin Price Outlook Dims as Crypto Stocks Slump, Peter Schiff Raises Doubts

Get the latest insights on the bearish trend in crypto markets, Peter Schiff's skepticism, and the impact on Bitcoin's price potential.
spot_imgspot_imgspot_imgspot_img

PRO Analysis

Will WLD See $11 Again? Current WLD Analysis

WLD coin's daily technical analysis provides direction for long-term traders by indicating support and resistance levels.

Where Will NEO’s Rally Continue? Updated NEO Analysis 15 April

NEO gained strength from the support levels determined in the previous analysis and rose to its current price of $22.66, targeting $25.

Is DYDX Ready to Start a New Rally? Latest DYDX Analysis 15 April

Following its recent fall, DYDX rebounded strongly to $2.28, and it is indicated that if it can sustain 3-day candle closes above this resistance level, the upward trend may continue.

Is Solana in a Long-Term Buy Zone? Current SOL Analysis 15 April

Following its recent decline to $118, Solana surged back to $145 with robust purchases; for long-term investors, the $132.40 to $121.36 range is seen as potential buying areas.

Will ARB Start Its Ascent? Latest ARB Analysis 15 April!

According to the analysis of ARB coin, staying above $0.98 could set it on a path to reach $1.90.
Jocelyn Blake
Jocelyn Blakehttps://en.coinotag.com/
Jocelyn Blake is a 29-year-old writer with a particular interest in NFTs (Non-Fungible Tokens). With a love for exploring the latest trends in the cryptocurrency space, Jocelyn provides valuable insights on the world of NFTs.
spot_imgspot_imgspot_imgspot_img

Bitcoin Price Surge Predicted: Analyst Sees BTC Hitting $650,000 Fueled by ETFs

Get the latest insights on Bitcoin's potential trajectory – could the dominant cryptocurrency surpass gold's market cap and reach new heights?

Bitcoin Halving to Spark Supply Shock, Says Samson Mow – Omega Time Ahead?

Influential Bitcoin advocate Samson Mow offers a bullish outlook on Bitcoin's future, citing the upcoming halving and growing ETF inflows as key drivers. Here's why he believes the current market turbulence could lead to a surge in BTC price.

Bitcoin Price Plunge Continues: Analysts Predict Further Drops to $59K

Bitcoin's rollercoaster ride continues, with experts weighing in on where the bottom might lie. Get the latest price analysis, predictions, and insights into what these movements could mean for your crypto portfolio.