Bold Prediction
Standard Chartered analysts believe Bitcoin is poised to break its previous all-time high of $73,700 and surge to $73,798 by March 14, 2024.
Reasons for Optimism
- Increased inflows into Spot Bitcoin ETFs
- Potential approval of Ethereum Spot ETFs
- Analyst Geoff Kendrick’s previous predictions of Bitcoin reaching $150,000 by 2024 and $200,000 by 2025
Current Market Analysis
- Bitcoin is currently trading at $70,013, down slightly from yesterday.
- It has experienced a 12.86% increase over the past week.
- Analyst Michael van de Poppe notes that Bitcoin is up 20% since its lows earlier this year.
Analyst Outlook
- Ali Martinez believes Bitcoin has strong potential for further gains.
- Approval of Ethereum Spot ETFs could trigger a price spike similar to the one seen after the approval of Spot Bitcoin ETFs.
