{"id":596719,"date":"2024-03-07T19:00:43","date_gmt":"2024-03-07T19:00:43","guid":{"rendered":"https:\/\/www.wncen.com\/?p=596719"},"modified":"2024-06-11T07:05:27","modified_gmt":"2024-06-11T07:05:27","slug":"crypto-analyst-bitcoin-price-207000","status":"publish","type":"post","link":"https:\/\/www.wncen.com\/news\/crypto-analyst-bitcoin-price-207000\/","title":{"rendered":"Crypto Analyst Uses Historical Data To Show When The Bitcoin Price Will Reach $207,000"},"content":{"rendered":"

A crypto analyst has laid out a scenario where the <\/span>Bitcoin price could rise above $200,000<\/span><\/a> by June. This is based on a historical occurrence that could play out again following <\/span>BTC’s recent run<\/span><\/a> above its previous all-time high (ATH).<\/span><\/p>\n

How BTC Could Rise To $207,000 By June<\/h2>\n

The anonymous analyst behind the prominent crypto X (formerly Twitter) account, Bitcoin Archive, <\/span>alluded<\/span><\/a> to the <\/span>2021 bull run<\/span><\/a> when Bitcoin\u2019s price more than tripled in just 103 days after breaking the <\/span>previous cycle\u2019s ATH<\/span><\/a>. That means Bitcoin could run to $207,000 by June if history repeats itself.\u00a0<\/span><\/p>\n

Related Reading: Shiba Inu Lead Dev Co-Signs Prediction That Would Send SHIB To $100 Billion<\/a><\/div>\n

Bearing the <\/span>Bitcoin Halving<\/span><\/a> event in mind, Bitcoin\u2019s price tripling by June looks feasible. Bitcoin\u2019s price has more than tripled 90 days after previous Halving events. Considering that Bitcoin surpassed its previous ATH even before this Halving, which is <\/span>set to take place<\/span><\/a> in April, the flagship crypto could also achieve this exponential price surge in record time this time around.\u00a0<\/span><\/p>\n

This narrative is supported by the fact that Bitcoin\u2019s demand <\/span>continues to exceed its supply<\/span><\/a>, and the supply will be further reduced when <\/span>miners\u2019 rewards<\/span><\/a> are cut in half. Therefore, although ambitious, a price surge of such magnitude cannot be ruled out.\u00a0<\/span><\/p>\n

Moreover, crypto analyst MacronautBTC <\/span>already calculated<\/span><\/a> how Bitcoin\u2019s price could rise to $237,000 based on the imbalance between supply and demand. BTC rising to $207,000 by June will no doubt defy expectations, with analysts like Skybridge Capital CEO Anthony Scaramucci not expecting such a price surge until next year.\u00a0<\/span><\/p>\n

Scaramuci <\/span>had predicted<\/span><\/a> that Bitcoin would rise to $170,000 18 months after the Halving event. Meanwhile, Tom Dunleavy, Partner and Chief Investment Officer (CIO) at MV Capital, took a conservative stance when he mentioned that Bitcoin could rise to as high as $100,000 this year.\u00a0<\/span><\/p>\n

What Next For Bitcoin?<\/h2>\n

Bitcoin has cooled off following its rise to a <\/span>new ATH of $69,000<\/span><\/a>. As to the next move the flagship crypto could make, crypto analyst Satoshi Flipper suggested in an <\/span>X post<\/span><\/a> that Bitcoin could consolidate between $65,000 and $70,00 for a few weeks before breaking its ATH again.\u00a0<\/span><\/p>\n

Related Reading: Why Did Bitcoin Price Crash 10% After Reaching $69,000 All-Time High?<\/a><\/div>\n

This aligns with <\/span>Alex Thorn\u2019s<\/span><\/a> (Head of Research at Galaxy Digital) <\/span>analysis<\/span><\/a>, where he noted that BTC could follow a similar path to December 2020. Back then, BTC touched its prior ATH of $20,000, then traded 11.3% lower for the next 15 days before going on to \u201cdefinitively\u201d break its ATH.<\/span><\/p>\n

At the time of writing, Bitcoin is trading at around $66,000, up in the last 24 hours, according to <\/span>data<\/span><\/a> from CoinMarketCap.\u00a0<\/span><\/p>\n

\"BitcoinBTC price at $67,000 | Source: BTCUSD on Tradingview.com<\/a><\/pre>\n
Featured image from The Independent, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
A crypto analyst has laid out a scenario where the Bitcoin price could rise above $200,000 by June. This is based on a historical occurrence that could play out again following BTC’s recent run above its previous all-time high (ATH). How BTC Could Rise To $207,000 By June The anonymous analyst behind the prominent crypto X (formerly Twitter) account, Bitcoin Archive, alluded to the 2021 bull run when Bitcoin\u2019s price more than tripled in just 103 days after breaking the previous cycle\u2019s ATH. That means Bitcoin could run to $207,000 by June if history repeats itself.\u00a0 Related Reading: Shiba Inu Lead Dev Co-Signs Prediction That Would Send SHIB To $100 Billion Bearing the Bitcoin Halving event in mind, Bitcoin\u2019s price tripling by June looks feasible. Bitcoin\u2019s price has more than tripled 90 days after previous Halving events. Considering that Bitcoin surpassed its previous ATH even before this Halving, which is set to take place in April, the flagship crypto could also achieve this exponential price surge in record time this time around.\u00a0 This narrative is supported by the fact that Bitcoin\u2019s demand continues to exceed its supply, and the supply will be further reduced when miners\u2019 rewards are cut in half. Therefore, although ambitious, a price surge of such magnitude cannot be ruled out.\u00a0 Moreover, crypto analyst MacronautBTC already calculated how Bitcoin\u2019s price could rise to $237,000 based on the imbalance between supply and demand. BTC rising to $207,000 by June will no doubt defy expectations, with analysts like Skybridge Capital CEO Anthony Scaramucci not expecting such a price surge until next year.\u00a0 Scaramuci had predicted that Bitcoin would rise to $170,000 18 months after the Halving event. Meanwhile, Tom Dunleavy, Partner and Chief Investment Officer (CIO) at MV Capital, took a conservative stance when he mentioned that Bitcoin could rise to as high as $100,000 this year.\u00a0 What Next For Bitcoin? Bitcoin has cooled off following its rise to a new ATH of $69,000. As to the next move the flagship crypto could make, crypto analyst Satoshi Flipper suggested in an X post that Bitcoin could consolidate between $65,000 and $70,00 for a few weeks before breaking its ATH again.\u00a0 Related Reading: Why Did Bitcoin Price Crash 10% After Reaching $69,000 All-Time High? This aligns with Alex Thorn\u2019s (Head of Research at Galaxy Digital) analysis, where he noted that BTC could follow a similar path to December 2020. Back then, BTC touched its prior ATH of $20,000, then traded 11.3% lower for the next 15 days before going on to \u201cdefinitively\u201d break its ATH. At the time of writing, Bitcoin is trading at around $66,000, up in the last 24 hours, according to data from CoinMarketCap.\u00a0 BTC price at $67,000 | Source: BTCUSD on Tradingview.com Featured image from The Independent, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":596735,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[167,428,656,678,679,6848,1119,1122,1144,78790,6664,26263,14690],"class_list":["post-596719","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-analyst","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-prediction","tag-bitcoin-price","tag-bitcoin-price-prediction","tag-btc","tag-btc-price","tag-btcusd","tag-btcusdt","tag-crypto","tag-crypto-analyst","tag-crypto-news"],"acf":[],"yoast_head":"\nCrypto Analyst Uses 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/www.wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Crypto Analyst Uses Historical Data To Show When The Bitcoin Price Will Reach $207,000","url":"http:\/\/www.wncen.com\/news\/crypto-analyst-bitcoin-price-207000\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.wncen.com\/news\/crypto-analyst-bitcoin-price-207000\/"},"thumbnailUrl":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/03\/Bitcoin_8c71fb.jpeg?resize=200%2C194","image":{"@type":"ImageObject","url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/03\/Bitcoin_8c71fb.jpeg?fit=259%2C194"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/www.wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["analyst","bitcoin","bitcoin news","bitcoin prediction","bitcoin price","bitcoin price prediction","btc","btc price","btcusd","btcusdt","crypto","crypto analyst","crypto news"],"dateCreated":"2024-03-07T19:00:43Z","datePublished":"2024-03-07T19:00:43Z","dateModified":"2024-06-11T07:05:27Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Crypto Analyst Uses Historical Data To Show When The Bitcoin Price Will Reach $207,000\",\"url\":\"http:\\\/\\\/www.wncen.com\\\/news\\\/crypto-analyst-bitcoin-price-207000\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.wncen.com\\\/news\\\/crypto-analyst-bitcoin-price-207000\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/Bitcoin_8c71fb.jpeg?resize=200%2C194\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/Bitcoin_8c71fb.jpeg?fit=259%2C194\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"analyst\",\"bitcoin\",\"bitcoin news\",\"bitcoin prediction\",\"bitcoin price\",\"bitcoin price prediction\",\"btc\",\"btc price\",\"btcusd\",\"btcusdt\",\"crypto\",\"crypto analyst\",\"crypto news\"],\"dateCreated\":\"2024-03-07T19:00:43Z\",\"datePublished\":\"2024-03-07T19:00:43Z\",\"dateModified\":\"2024-06-11T07:05:27Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/03\/Bitcoin_8c71fb.jpeg?fit=259%2C194","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts\/596719"}],"collection":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/comments?post=596719"}],"version-history":[{"count":0,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts\/596719\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/media\/596735"}],"wp:attachment":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/media?parent=596719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/categories?post=596719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/tags?post=596719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}