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BTC$20 900.56

-2.20%

Ethereum
ETH$1 202.05

-2.96%

Tether
USDT$0.999239

-0.03%

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USDC$1.000002

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Binance Coin
BNB$234.15

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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 56.8% 92 $20 900.56 -2.20% 2.22% $398 755 492 673 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 56.8% 88 $1 202.05 -2.96% 7.07% $145 838 169 594 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 93.6% 1 $0.999239 -0.03% 0.02% $66 816 360 124 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 94% 1 $1.000002 -0.04% -0.08% $55 802 722 548 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 61.2% 88 $234.15 -2.25% 8.36% $38 231 653 209 BNB 7 days price change
6 Binance USD (BUSD) BUSD Binance USD predictions 93.2% 1 $1.001013 0.02% -0.03% $17 406 990 839 BUSD 7 days price change
7 XRP (XRP) XRP XRP predictions 60.4% 80 $0.354798 -3.53% 9.82% $17 152 035 554 XRP 7 days price change
8 Cardano (ADA) ADA Cardano predictions 61.6% 78 $0.488369 -3.44% -1.29% $16 483 693 060 ADA 7 days price change
9 Solana (SOL) SOL Solana predictions 66% 71 $38.75 -5.93% 10.64% $13 283 462 618 SOL 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 59.6% 85 $0.072549 -2.39% 21.26% $9 625 078 747 DOGE 7 days price change
11 Polkadot (DOT) DOT Polkadot predictions 59.2% 81 $7.80 -4.85% -0.49% $7 698 820 570 DOT 7 days price change
12 Dai (DAI) DAI Dai predictions 96% 1 $0.999958 -0.06% -0.09% $6 797 461 805 DAI 7 days price change
13 TRON (TRX) TRX TRON predictions 60% 88 $0.068078 3.77% 11.43% $6 296 975 066 TRX 7 days price change
14 SHIBA INU (SHIB) SHIB SHIBA INU predictions 62% 78 $0.000011 -4.63% 36.14% $6 074 989 804 SHIB 7 days price change
15 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 54.8% 92 $20 886.28 -2.15% 2.70% $5 526 065 366 WBTC 7 days price change

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