Julien Bittel: Bitcoin will grow to $ 180,000

Julien Bittel, head of research at Global Macro Investor, believes that bitcoin BTC $98,306.70 Bitcoin -0.41% Market capitalization $1.95 trillion VOL. 24 hours $4.2 billion will soon enter the so-called «zone of insanity» and break the $ 180,000 mark.

The expert noted that the market is currently witnessing a classic bitcoin halving pattern, and after a significant dump aimed at dampening the bullish trend, the crypto community is facing a period of significant growth.

Bittel compared the current situation to the halving of 2016 and suggested that the low level of volatility of the first cryptocurrency will continue until early August 2024. According to his forecast, in August, the price of bitcoin will start to rise, and during a powerful pump that will last until the end of winter 2025, the main virtual coin will break the $ 180,000 mark.

Bittel is confident that the number of companies looking to add BTC to their portfolios will grow as the value of digital gold increases.

Earlier, the CEO of the largest crypto exchange Binance Richard Teng Binance-bitkoyin-koshtuvatyme-80−000-do-kinczya-roku/">shared his forecast for the value of bitcoin, noting that the first cryptocurrency will exceed $ 80,000 by the end of 2024.