Kaiko analysts predicted when bitcoin will reach a historic high

Kaiko analysts have studied the situation on the cryptocurrency market and published their own forecast. According to the experts, bitcoin may reach a new all-time high (ATH) in the next few days or hours.

Experts noted that the BTC $60,556.40 Bitcoin -3.29% Market capitalization $1.19 trillion VOL. 24 hours $1.47 billion rate exceeded $ 65,000 early in the morning on Monday, March 4, 2024, and then reached $ 66,700 at its peak. Currently, the weekly increase in BTC quotes is 19.5%.

However, Kaiko analysts also noted that there are currently more than 200 active markets for BTC against the US dollar (USD), Tether (USDT), euro (EUR), and dozens of other currencies. Last week, bitcoin hit a new price high against several fiat currencies, including the Japanese yen (JPY), Nigerian naira (NGN), and Turkish lira (TRY). Yesterday, the market leader’s rate showed similar gains against the euro, British pound (GBP), and Canadian dollar (CAD).

Experts emphasized that «another factor when announcing ATH is which exchange you are considering. In addition, the degree of data granularity and the level of aggregation are important.» The researchers said that the historical high of the BTC rate differed across different trading platforms in 2021. On OkCoin, the price of bitcoin reached a maximum of $ 69,076 on November 10, 2021. On Kraken, the value of the virtual coin has never exceeded $ 68,966.

As a reminder, former physics professor Giovanni Santostasi shared his own forecast of the value of the flagship cryptocurrency. The expert shared his opinion in a conversation with investor Fred Krueger. According to Santostasi, the bitcoin rate will reach $ 10 million by 2045.