While Bitcoin (BTC), the largest cryptocurrency in the market, is trying to get back 30 thousand dollars, an experienced analyst has identified 3 critical price levels for 2030.
Analyst gave 3 big price targets for Bitcoin (BTC) in 2030
Youtube channel InvestAnswers host, 439,000 YouTube followers in a new video update to Bitcoin in 2030 He said the “bear situation” for the company was $576,000, up 1,886% from current pricing.
Analyst targets these 3 critical levels in Bitcoin
Crypto expert also considers the market value of gold Considering that, he estimates that Bitcoin could reach 40%, 60% or 100% of the market value of the precious metal by 2030, equaling $514,815, $785,955 and $1.30 million respectively. Part of the publication includes the following statements:
The digital gold/store of value narrative is very, very important. Many people and top experts look to it as a fundamental method of market valuation…Bitcoin adoption is currently faster than the internet and mobile phones. Therefore, this is completely believable because of Metcalfe’s Law.
The analyst also provides a third Bitcoin price forecast, which he calculates by averaging several prominent models from Fidelity, ARK Invest, and others. The host of the popular YouTube channel combines some of the most well-known models in the market, making a Bitcoin price prediction of $ 1.55 million for the year 2030.
Adding all three price predictions, an average of $785,955 for BTC, with $576,389 as the lower end of the average and $1.55 million as the most optimistic estimate. An “expected” target pattern emerges. On the other hand, Bitcoin made a short rally to $700 after surpassing $30,000 once again.
BTC price is preparing for $31 resistance
As we have mentioned in the analysis of cryptokoin.com , Bitcoin price has been fluctuating between $27 and $30,000 for a while. On Monday, May 30, after closing 9 consecutive weekly red candles, it hit $30,000 and then $30,700 with sudden momentum. Meanwhile, Cardano (ADA), the 7th largest cryptocurrency by market cap, is up more than 10% in the past 24 hours and is trading above $0.5.
