What is the limit for Bitcoin’s ascent? Latest BTC price forecast anticipates peak of $180K in cycle.

Bitcoin (BTC) has the potential to surge by 150% in the current bull market cycle, according to Laurent Benayoun, the CEO of Acheron Trading and an expert in quantitative trading strategies. Benayoun predicts that BTC could reach a cycle peak of $180,000, taking into account factors such as the introduction of spot Bitcoin exchange-traded funds (ETFs) and the upcoming Bitcoin halving, which will reduce the supply of new coins. He also believes that improved financial policies in the United States will contribute to the appreciation of Bitcoin’s price. This forecast aligns with other predictions, such as Bitfinex analysts who expect BTC to reach $120,000 by the end of 2024, and wealth management giant Bernstein, which anticipates a breakout to around $150,000 after the halving in mid-2025. More optimistic projections even suggest that BTC could peak at $337,000. Cathie Wood, CEO of Ark Invest, considers her previous prediction of a $1 million Bitcoin price by 2030 too conservative, stating that institutional involvement could drive the price even higher. As of March 25, Bitcoin had surpassed the $70,000 mark, trading at around $70,800 and showing a weekly gain of over 6.3%. It’s important to note that this article does not provide investment advice and readers should conduct their own research before making any decisions.