{"id":464163,"date":"2023-12-08T10:05:06","date_gmt":"2023-12-08T10:05:06","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=464163"},"modified":"2023-12-08T10:05:06","modified_gmt":"2023-12-08T10:05:06","slug":"bitcoin-price-prediction-analyst-says-btc-headed-for-easy-100k-target-in-next-bull-run-and-that-would-turbocharge-returns-on-this-bitcoin-etf-themed-coin","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-analyst-says-btc-headed-for-easy-100k-target-in-next-bull-run-and-that-would-turbocharge-returns-on-this-bitcoin-etf-themed-coin","title":{"rendered":"Bitcoin Price Prediction: Analyst Says BTC Headed For &#8221;Easy&#8221; $100K Target in Next Bull Run &#8211; And That Would Turbocharge Returns On This Bitcoin ETF-Themed Coin"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The Bitcoin price tumbled 0.5% in the last 24 hours <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\"><span style=\"font-weight: 400\">to trade at $43,223<\/span><\/a><span style=\"font-weight: 400\"> as of 4:45 a.m. EST as trading volume plunged 7.6% to $26 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Still, a cryptocurrency analyst who hosts the InvestAnswers channel on YouTube sees BTC easily hitting <\/span><span style=\"font-weight: 400\">$100,000 in the incoming bull run.<\/span><\/p>\n<p><iframe title=\"&#128200;OCTA: New Bitcoin ATH&#127919;Target! Time&#9200;Left to Stack!\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/tGFmunR7n58?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span style=\"font-weight: 400\">The analyst says that the likelihood of Bitcoin hitting $45,000 before Christmas is high, and he believes that surpassing the $50,000 mark is within reach.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">To support his predictions, he conducted a comprehensive analysis based on the average duration from Bitcoin&rsquo;s three prior halving events to the point where the leading cryptocurrency attains new all-time highs.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Taking into account that the next halving event for Bitcoin is anticipated on April 17th, the analyst highlights an interesting observation.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">He points out that 175 days after this impending halving, precisely on October 8th, 2024, marks a potential timeline for the cryptocurrency to achieve new record-breaking highs.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">The Bitcoin Price: Bulls Target $50,000 High<\/span><\/h2>\n<figure id=\"attachment_464164\" aria-describedby=\"caption-attachment-464164\" style=\"width: 1812px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-464164\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/WBTC_2023-12-08_10-42-32.png\" alt=\"Bitcoin Price chart analysis\" width=\"1812\" height=\"830\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/WBTC_2023-12-08_10-42-32.png 1812w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/WBTC_2023-12-08_10-42-32-300x137.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/WBTC_2023-12-08_10-42-32-1024x469.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/WBTC_2023-12-08_10-42-32-768x352.png 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/WBTC_2023-12-08_10-42-32-1536x704.png 1536w\" sizes=\"(max-width: 1812px) 100vw, 1812px\"><figcaption id=\"caption-attachment-464164\" class=\"wp-caption-text\">wBTCUSD Chart Analysis. Source: GeckoTerminal.com<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">Bitcoin has breached the upper boundary of the ascending triangle pattern. The trading price is currently positioned above the 50-day and 200-day simple moving averages (SMAs), affirming the bullish momentum and establishing immediate support.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">The Relative Strength Index (RSI) is also bullish, currently trading at 75, having rebounded from the neutral level of 50<\/span><\/p>\n<h2>Bitcoin Price: Bullish Investors Target $50k<\/h2>\n<p><span style=\"font-weight: 400\">Bullish investors may target a peak of $50,000 in the coming weeks, reminiscent of the peak observed in March 2022.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, if bears capitalized on this upward momentum, they would exert downward pressure on the price, causing a retracement toward the $38,500 support level aligned with the lower boundary of the ascending triangle.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Given the expectation of a surge in Bitcoin&rsquo;s value, the BTCETF token stands to gain significant momentum, offering a compelling alternative where the success of Bitcoin translates into success for investors as well.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">BTCETF Token Secures $3 Million: 48 Hours to Price Hike<\/span><\/h2>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/btcetftoken\" rel=\"nofollow\"><span style=\"font-weight: 400\">The BTCETF Token,<\/span><\/a><span style=\"font-weight: 400\"> an ERC-20 token crafted to reward holders based on the success of Bitcoin ETF approvals, is garnering substantial attention within the cryptocurrency community.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&#128640; Embracing the future of <a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#Crypto<\/a> with <a href=\"https:\/\/twitter.com\/hashtag\/BTCETF?src=hash&amp;ref_src=twsrc%5Etfw\">#BTCETF<\/a>! <\/p>\n<p>As an ERC-20 token on <a href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw\">#Ethereum<\/a>, <a href=\"https:\/\/twitter.com\/hashtag\/BitcoinETF?src=hash&amp;ref_src=twsrc%5Etfw\">#BitcoinETF<\/a> anticipates the imminent <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> ETFs. <\/p>\n<p>Positioned to leverage their approval, this visionary project offers a gateway to the evolving crypto world. &#128161; <a href=\"https:\/\/t.co\/eiMUbIfXeD\">pic.twitter.com\/eiMUbIfXeD<\/a><\/p>\n<p>&mdash; BTCETF_Token (@BTCETF_Token) <a href=\"https:\/\/twitter.com\/BTCETF_Token\/status\/1727613038839169307?ref_src=twsrc%5Etfw\">November 23, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">The BTCETF Token has successfully obtained $3.05 million in funding and is rapidly approaching its $3.4 million milestone. Currently, BTCETF tokens are available at a reduced rate of $0.0064. This price will, however, rise in just under 48 hours.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> soared to $41,448, boosted by <a href=\"https:\/\/twitter.com\/hashtag\/ETF?src=hash&amp;ref_src=twsrc%5Etfw\">#ETF<\/a> hopes and a $70 million liquidation from short traders.<\/p>\n<p>With <a href=\"https:\/\/twitter.com\/hashtag\/SEC?src=hash&amp;ref_src=twsrc%5Etfw\">#SEC<\/a> meetings boosting optimism, <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> now ranks among the top 10 global assets by market cap, trailing just behind <a href=\"https:\/\/twitter.com\/hashtag\/Meta?src=hash&amp;ref_src=twsrc%5Etfw\">#Meta<\/a>.<\/p>\n<p>Which <a href=\"https:\/\/twitter.com\/hashtag\/Altcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Altcoin<\/a> gains caught your eye the most&hellip; <a href=\"https:\/\/t.co\/Iz8bpAI1vQ\">pic.twitter.com\/Iz8bpAI1vQ<\/a><\/p>\n<p>&mdash; BTCETF_Token (@BTCETF_Token) <a href=\"https:\/\/twitter.com\/BTCETF_Token\/status\/1731607539903508775?ref_src=twsrc%5Etfw\">December 4, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><span style=\"font-weight: 400\">Get BTCETF, Stake, Earn High APY<\/span><\/h2>\n<p><span style=\"font-weight: 400\">In addition to acquiring and holding your BTCETF tokens, there&rsquo;s an opportunity for you to earn through the<\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/btcetftoken\" rel=\"nofollow\"><span style=\"font-weight: 400\"> platform&rsquo;s staking feature<\/span><\/a><span style=\"font-weight: 400\">.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">This appealing staking option has captured the interest of many investors looking for passive income, all while anticipating the potential surge in the token&rsquo;s value upon the approval of spot Bitcoin ETFs.<\/span><\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/btcetftoken\" rel=\"nofollow\"><span style=\"font-weight: 400\">Buying and staking BTCETF tokens<\/span><\/a><span style=\"font-weight: 400\"> secures an impressive annual percentage yield (APY) of 89%.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Cilinix Crypto, a YouTuber and cryptocurrency analyst, delves into the token&rsquo;s potential, saying how the anticipation of approval for spot Bitcoin ETFs is fueling significant excitement and set to drive the price of BTCETF.<\/span><\/p>\n<p><iframe title=\"SHOULD YOU BUY THIS NEW PRESALE?&#128680; (BTC ETF PRESALE REVIEW)\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/bCsfZdv0VEo?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span style=\"font-weight: 400\">To buy BTCETF, visit <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/btcetftoken\" rel=\"nofollow\"><span style=\"font-weight: 400\">the Bitcoin ETF official site<\/span><\/a><span style=\"font-weight: 400\">, connect your Web3 wallet, and swap your ETH, USDT, or MATIC for BTCETF tokens. Alternatively, you can use your bank card to buy the tokens directly.&nbsp;<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Related News<\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/insidebitcoins.com\/news\/helium-price-prediction-hnt-pumps-another-24-on-big-announcement-but-the-smart-money-is-on-this-bitcoin-halving-play-that-might-10x\"><span style=\"font-weight: 400\">Helium Price Prediction: HNT Pumps Another 24% On Big Announcement, But The Smart Money Is On This Bitcoin Halving Play That Might 10X<\/span><\/a><\/li>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/insidebitcoins.com\/news\/avalanche-surges-to-top-10-outshining-matic-trx-and-link\"><span style=\"font-weight: 400\">Avalanche Surges to Top 10: Outshining MATIC, TRX, and LINK<\/span><\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div 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