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Reading: Popular Analyst Assertive: 155 Percent Possible!
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EdaFace Newsfeed > Latest News > Bitcoin and BTC > Popular Analyst Assertive: 155 Percent Possible!
Bitcoin and BTC

Popular Analyst Assertive: 155 Percent Possible!

vitalclick
Last updated: October 26, 2024 9:33 am
5 months ago
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Jamie Coutts, chief crypto analyst at Real Vision, Bitcoin $67,537He noted that ‘s could rise over 155% this market cycle from current levels.

Different Price ScenariosExpected Price Targets and Probabilities

Different Price Scenarios

In an interview with Raoul Pal on The Journey Man YouTube channel, Coutts stated that Bitcoin could rise to the six-digit region with the increase in global money supply. Coutts evaluated Bitcoin’s future price movements within the framework of various possibilities.

Expected Price Targets and Probabilities

Coutts suggested that Bitcoin could reach around $100,000 by August 2025, considering the global M2 money supply. However, he stated that this scenario is a low probability outcome. A more likely prediction is that Bitcoin will reach the $170,000 level.

“I don’t think Bitcoin will experience a parabolic rise to $500,000 this cycle. “I could see this level in the future, but it is a low probability situation in this cycle.” He commented on future possibilities.

The analyst has set four main price targets for Bitcoin. He predicts a 15% probability for the first target of $100,000, a 60% probability for $170,335, a 20% probability for $234,000 and a 5% probability for $500,000.

As of the moment of writing, Bitcoin is trading at $67,100. According to Coutts’ predictions, these levels could be realized within the next two and a half years.

Coutts also predicted that Bitcoin’s market cap could reach around $3.75 trillion by August 2025.

For Bitcoin investors, these predictions can be an important reference point in assessing market activity. However, considering the volatility of cryptocurrency markets, caution is recommended.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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