Cryptocurrency expert predicts bitcoin’s growth to $ 200,000

Finbold experts told us what to expect from the flagship cryptocurrency BTC $56,459.08 Bitcoin -3.08% Market capitalization $1.11 trillion VOL. 24 hours $4.5 billion after the halving that will take place in 2024. The analysts emphasized that since the beginning of 2023, bitcoin has mostly shown growth. In the wake of positive dynamics, digital gold has added more than 40% in value. A number of crypto experts predict that the rise of BTC will continue, and the bearish trend is already changing to a bullish one.

An analyst known on Twitter as Trader Tardigrade conducted a technical analysis of the BTC chart against the US dollar (USD) and stated that the bitcoin rate could reach $ 50,000 before the next halving. Moreover, the leading digital asset is capable of rising to $ 200,000. According to a study by Trader Tardigrade, the price of BTC will rise to $ 50,000 around the end of 2023, followed by a dynamic jump to $ 200,000 in early or mid-2025. After that, the expert predicts another drop in BTC quotes.

➡️"The #Bitcoin top after next halving will reach $ 200k"-@TATrader_Alan

➡️Fundamental Reasons to Be Bullish Despite the 66% Drop From BTC’s ATH!

➡️#BTC Price Risk $ 23K rerun as @Coinbasestockfalls over Silvergate!

Full Ep. 1208: https://t.co/cWnFZN0ca3 pic.twitter.com/iGSwpQM6qo

— Crypto News Alerts ?? (@CryptoNewsYes) March 2, 2023

At the time of writing, bitcoin is showing a 4.42% drop. The flagship asset is trading at $ 22,366 with a market capitalization of $ 431.8 billion.

At the end of February, BitMEX founder and crypto market veteran Arthur Hayes updated his regular forecast for the future of the industry. Hayes said that BTC and other crypto assets are likely to undergo a significant correction before a real bull run takes place.

«I think bitcoin will not escape correlation with global risk assets. Yes, it recently did well on this small rebound from below $ 16,000 to $ 24,000. But I think we are about to have a „final correlation“ moment. By that, I mean that everything is falling massively, including bitcoin,» Hayes said.