Bitcoin
BTC$70 868.81

3.12%

Ethereum
ETH$3 570.10

2.17%

Tether
USDT$1.000161

0.07%

Binance Coin
BNB$581.90

2.21%

Solana
SOL$186.43

2.17%

XRP
XRP$0.627804

2.23%

Experts divided on BTC predictions: Bullish or super bullish?


05 Mar 2021

#Bitcoin

Despite the current battle between Bitcoin bulls and bears around the $50,000 price mark — and an 8.7% pullback over the past 24 hours — a raft of analysts and commentators have got out their crystal balls to tip a glittering future for Bitcoin prices. On Mar. 4, Senior Commodity Strategist for Bloomberg Intelligence Mike McGlone pointed to historical data to suggest that Bitcoin is on the way to $100,000.

McGlone’s logic revolves around the growing discount for shares in the Grayscale Bitcoin Trust which is at the same level as last year’s Black Thursday collapse. The discount refers to when shares in the Grayscale Bitcoin Trust trade for less than the value of the underlying Bitcoin (normally they trade at a premium).

Twitter user “Lee Hendricks” wasn’t convinced, suggesting the catalyst for Grayscale’s discount could be the result of pressure from upcoming ETFs and other crypto funds. (Although that’s arguably bullish too.) The Bloomberg strategist isn’t the only expert with high expectations for BTC, with influencer and YouTuber Lark Davis stating on Mar. 4 that “we are just now past the first major price wave,” with two more, larger waves to come. On March 2, technical analyst Kaleo posted a chart predicting BTC will hit $100,000 near the start of April this year.

It’s a follow-up on his “Bitcoin Halving Reward Era Price” analysis chart two years ago predicting the price would reach $200,000 around mid-2021. He tweeted two weeks ago that he still has faith in it: “It is by far the most accurate, long-term chart prediction I’ve ever seen for Bitcoin… $BTC will hit $200K+ this cycle.”

Another analyst who goes by the Twitter name MasterChangz, told his 10,000 followers he believes Bitcoin will hit the $200,000 mark even earlier than mid-2021, potentially at the start of April. The next rise, he said, is to $77,000 over the next two weeks.


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 78% 44 $70 868.81 3.12% 8.26% $1 393 767 171 317 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 74.8% 48 $3 570.10 2.17% 3.51% $428 668 598 796 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 91.2% 1 $1.000161 0.07% 0.01% $104 471 023 414 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 62% 80 $581.90 2.21% 5.32% $87 014 724 958 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 56% 89 $186.43 2.17% 4.64% $82 827 567 119 SOL 7 days price change
6 XRP (XRP) XRP XRP predictions 83.2% 32 $0.627804 2.23% -1.76% $34 456 542 546 XRP 7 days price change
7 Dogecoin (DOGE) DOGE Dogecoin predictions 67.6% 68 $0.225344 23.25% 48.12% $32 372 016 584 DOGE 7 days price change
8 USD Coin (USDC) USDC USD Coin predictions 94.8% 2 $1.000013 -0.01% -0.01% $32 290 569 894 USDC 7 days price change
9 Cardano (ADA) ADA Cardano predictions 68.4% 67 $0.651233 1.05% 2.71% $23 171 968 614 ADA 7 days price change
10 Avalanche (AVAX) AVAX Avalanche predictions 57.6% 88 $54.67 1.49% 1.54% $20 634 220 759 AVAX 7 days price change
11 SHIBA INU (SHIB) SHIB SHIBA INU predictions 55.6% 94 $0.000032 7.11% 18.56% $18 900 762 514 SHIB 7 days price change
12 Toncoin (TON) TON Toncoin predictions 59.2% 88 $4.90 -1.86% 19.86% $17 013 575 643 TON 7 days price change
13 Polkadot (DOT) DOT Polkadot predictions 71.6% 52 $9.49 0.98% 2.66% $13 545 452 826 DOT 7 days price change
14 Bitcoin Cash (BCH) BCH Bitcoin Cash predictions 69.6% 60 $573.82 5.77% 38.08% $11 293 838 392 BCH 7 days price change
15 Chainlink (LINK) LINK Chainlink predictions 79.2% 42 $19.23 0.01% 3.86% $11 287 608 466 LINK 7 days price change

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