Cryptocurrency experts have found out what the new maximum of bitcoin will be

Representatives of the cryptocurrency fund Pantera Capital are convinced that the drop in the value of BTC $93,937.20 Bitcoin -1.59% Market capitalization $1.86 trillion VOL. 24 hours $2.67 billion will trigger a bullish rally in early 2024. According to Dan Morehead, CEO of Pantera Capital, bitcoin will fall to a historic low in November to gain momentum ahead of the next halving.

«BTC reached its previous all-time low in 477 days and then went up. Rallies after halving lasted an average of 480 days from the halving to the peak of the next bull cycle. History is repeating itself: the price of the flagship cryptocurrency will fall sharply by November 30, 2022. Then we will see a rally in early 2024, followed by a strong rally after the halving,» Dan Morehead said.

Pantera Capital analysts predicted that the cost of the HTS will rise to $ 36,000 ahead of the next halving, which is expected to take place in March 2024, and then continue to rise to an all-time high of $ 149,000.

Billionaire Tim Draper would disagree with this point of view in absentia, as he is convinced that BTC will trade for $ 250,000 in 2023. Draper believes that the problems in the crypto sector related to the bankruptcy of the FTX exchange will not affect the achievement of a historical maximum by bitcoin. «There are no changes in the forecast of bitcoin’s value. I expect $ 250,000 for BTC at the beginning of next year ,» the investor told Cointelegraph.