InvestAnswers is a YouTube channel with 444,000 subscribers. The channel is run by a famous cryptocurrency analyst who often features strategy sessions. The analyst, nicknamed James, recently made a prediction on where the flagship cryptocurrency will be listed in just over a year. He talked about a notable rally that could occur after a periodic event on the Bitcoin blockchain.
An increase of over 200% in the first quarter of 2024
Cryptocurrency analyst James has declared which expects a rise of over 200% from current bitcoin (BTC) prices. It must be said that the first cryptocurrency by market cap is currently trading around $ 20,400. According to James, this the price could triplebringing BTC to the value of $ 63,000.
The analyst clarifies that this will all happen before the next halving of the BTC mining reward. He indicated that the biggest bitcoin rallies usually come after the halving operations. “Historically, Bitcoin starts growing 15 months before the next halving“He said.
Giacomo then added:The next halving is scheduled for April or May 2024 (many rumors say it could happen in December 2023) […]. I’m still sticking to the April 2024 period“.
A rally that could trigger a sustainable uptrend for bitcoin (BTC)
According to cryptocurrency analyst James, the bitcoin (BTC) will not stop the rally to $ 63,000. “Remember this is not the end. After the halving is where the real action takes place. But first there is a race. So think about it. In fifteen months, it’s just over a year and a quarter, it’s not very long. Bitcoin can triple and do a lot more after that“, Explained the analyst.
The head of the InvestAnswers chain therefore expects a continuation of the uptrend of the Bitcoin market after the rally. Then perhaps what was predicted by the experts interviewed by the Finder platform could happen. The latter, in fact, had claimed that BTC could reach $ 79,193 by 2025.
Like the strategist Markus Thielenfamed cryptocurrency analyst James predicted a rise to $ 63,000 per BTC by 2024. YouTube channel chief InvestAnswers believes this rally will herald many more gains in the flagship cryptocurrency market.
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Far from dulling my enthusiasm, a fruitless investment in a cryptocurrency in 2017 only increased my enthusiasm. I therefore decided to study and understand the blockchain and its multiple uses and to transmit information relating to this ecosystem with my pen.