BTC price all-time highs await Bitcoin hodlers before April 2024, says BitQuant — but what happens after will be even bigger.
Markets News
$27,216 has a $250,000 target for after its next block subsidy halving — but new all-time highs will come sooner.
That is the latest BTC price prediction from BitQuant, the popular social media commentator who sees a rosy future for the largest cryptocurrency.
BitQuant: Pre-halving all-time high will not be BTC price top
In his latest post on X (formerly Twitter) on Sept. 15, the pseudonymous “central banker and Bitcoiner” revealed a pre-halving target above $69,000.
“No, Bitcoin is not going to top before the halving,” he wrote in part of commentary.
“Yes, it’s going to reach a new all-time high before the halving.”
Bitcoin has just over six months before the halving, the event that cuts miner rewards earned per block by 50% every four years.
Analysts argue that the resulting emission restrictions have a cathartic impact on BTC price performance, acting as something of a springboard in advance of Bitcoin seeing new all-time highs.
For BitQuant, however, that alone is not bullish enough. Not only will Bitcoin beat its current record, set in 2021, before next April — it will go on to hit $250,000 per coin after the next halving cycle begins.
“No, BTC is not going to $160K because the magnitude of every pullback is large,” he continued.
“This means it will peak after the halving, in 2024. And yes, the target price is around $250K.”