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