Against the background of the growth of Bitcoin (BTC) last week, members of the crypto community shared their opinions on what behavior should be expected from the coin during this working five-day period. However, the editors of the VR Soldier have collected Bitcoin forecasts from representatives of the crypto industry in one review. We tell you what investors expect from BTC.
What’s happening with Bitcoin?
Bitcoin started the new work week with a slight increase. At the time of writing, the coin is trading at $66,846, which is 10.2% below the high recorded on March 14, 2024 at $73,750.
Last week was memorable for members of the crypto community thanks to the long-awaited resumption of BTC growth. At the beginning of the new five-day working week, representatives of the crypto industry shared their assumptions about whether the cryptocurrency will be able to continue its positive movement.
Bitcoin price forecast
Many members of the crypto community believe in the further growth of BTC. For example, trader Crypto Michael sees prospects for the cryptocurrency to return to levels above $70 thousand in the near future.
The most positive forecast for Bitcoin was given by trader “Coosh” Alemzadeh. Based on the assumption that a bullish flag is visible on the BTC chart, he predicted the active growth of the coin in early summer. In his opinion, investors will be able to see Bitcoin above $100,000 as early as June.
Trader Doctor Profit noted that BTC continues to move sideways. At the same time, he drew attention to the fact that the resumption of the influx of funds into spot Bitcoin ETFs could support the positive dynamics of the cryptocurrency. Against the background of the coin breaking through the $70 thousand level, according to the trader, FOMO will flare up in the market, which could support the growth of BTC. Doctor Profit outlined the boundaries of the sideways trend and the expected growth goals of the cryptocurrency on the chart.
Sideways Movements
Analyst Michael van de Poppe, in turn, believes that BTC will continue to move sideways for some time. At the same time, in his opinion, the cryptocurrency will approach its maximums over time.
The growth potential is also seen by the PlanB analyst, the author of the S2F model for forecasting the cryptocurrency rate. He suggested that now market participants can take advantage of one of the last chances to buy BTC below $70 thousand.
The positive forecast for Bitcoin was supported by trader Honey. She drew attention to the formation of a reverse technical analysis “head and shoulders” figure on the chart, which may indicate the potential for further growth of the cryptocurrency. The immediate target for BTC, in her opinion, will be levels above $72 thousand.
