On December 9th, the Bitcoin price reached a new all-time high. Currently, one Bitcoin is valued at over $44,000, and several analysts predict it will reach the $50,000 mark in the near future. Furthermore, an increasing number of banking experts express the opinion that the Bitcoin price could potentially reach $100,000.
At the time of this information's publication, the price of the cryptocurrency Bitcoin was $44,300, but it has since slightly declined, dropping below $44,000. Despite this, observers remain optimistic and expect the Bitcoin price to reach $50,000.
An investor in the Web3 sector, known by the nickname CredibleCrypto, predicts that the BTC price will reach $50,000 as soon as next week. The CryptoQuant team also forecasts that in the first few months of 2024, Bitcoin will trade in the range of $50,000 to $53,000, based on high network activity in the Bitcoin network.
Previously, banking experts also shared optimistic forecasts for Bitcoin. Leading British bank Standard Chartered considered the possibility of Bitcoin reaching $120,000 by the end of 2024, while the US investment bank Bernstein predicts that Bitcoin will be worth $150,000 in 2025.
Some observers believe that the current rise of Bitcoin may mark the beginning of a supercycle.
