Analyst Reveals Price He Expects BTC to Hit by the End of This Year
“Can Bitcoin Hit $140,000 By Year-End? Predictions From Top Experts”.
Popular cryptocurrency analyst Ali Martinez has just made a promising forecast for Bitcoin (BTC) and altcoins amid a volatile market.
According to him, history shows that Bitcoin often breaks out strongly in December, especially after US elections.
Bitcoin: Target $140,000?
Based on the last two bull cycles, Bitcoin has increased by 30% and 46% respectively by the end of the year.
Martinez believes that if history repeats itself, BTC price could hit $125,000 to $140,000 before the end of 2024.
Ethereum: Whales Accumulate Nearly $1 Billion in 4 Days
In addition to Bitcoin, Martinez also shared notable observations about Ethereum (ETH).
He said whale wallets have accumulated an additional 280,000 ETH in just four days, equivalent to about $1 billion .
This move shows the strong belief of major investors in the long-term potential of Ethereum.
Worldcoin (WLD): Potential and Risks
As for Worldcoin (WLD) , an altcoin that is gaining attention, Martinez warns that the coin could be facing a price correction soon.
Based on the “head-and-shoulders” pattern, he said that WLD has reached its $4 price target and will have difficulty maintaining its upward momentum. At the moment, WLD is trading at $3.59 .
Expectations and Warnings
Martinez's optimistic predictions about Bitcoin and Ethereum have stirred up expectations in the investment community.
However, he also highlighted the volatility of altcoins like Worldcoin, reminding investors to be cautious when making decisions.
Do you think Bitcoin will hit the historic $140,000 mark by the end of this year? Let's wait and see!
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