Bitcoin Price Prediction as VanEck’s CEO Says BTC Will Hit All-Time High Within 12 Months – Time to Buy?
Bitcoin (BTC), the world’s most valuable cryptocurrency, experienced a downturn over the weekend, falling to the $41,000 range. This decline is part of a broader trend that saw the global crypto market cap drop by over 8% in 24 hours, standing at $1.46 trillion. The market’s sluggishness is partly due to a lack of fresh news on ETF applications.
Despite this, there’s an air of optimism, with expectations of a potential rally as the January ETF application window approaches. This sentiment is further buoyed by bullish predictions from VanEck’s CEO and Pantera Capital, suggesting a bright future for Bitcoin’s price.
$BTC failed the retest of 42.5k
Now failling 42k
41k more likely from here #Bitcoin pic.twitter.com/x2hpsqqwfb
— SAGE TRADING GUILD (@SGTGUILD) December 17, 2023
Additionally, record-breaking earnings by Bitcoin miners and increased transaction fees indicate a positive market momentum, though recent fund outflows and shifting market sentiment have contributed to the price decline.
Jan van Eck, CEO of investment firm VanEck, has a bullish outlook on Bitcoin, predicting it will reach new all-time highs within the next year. He views Bitcoin as akin to gold, a valuable asset appealing to investors, particularly in the current economic climate. Despite political uncertainties, van Eck’s optimism is fueled by Bitcoin’s resilience and an anticipated halving event in April.
#BITCOIN
Bitcoin Will Reach New All-Time High in 12 Months, Says VanEck CEOhttps://t.co/kDImVN3NsR#BTC #USDT #deprem #web3 #Tirunelveli #ETH #Cryptocurency #CryptoNews #Messi
