Bitcoin (BTC) Price Prediction 2025-2030: Will BTC cross its ATH anytime soon
Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject
At first glance, it would seem like a good thing that Bitcoin is becoming less volatile than stocks. However, cryptocurrency traders warn that in a low-volume setting, that could not be a good thing.
Here’s AMBCrypto’s Price Prediction for Bitcoin [BTC] for 2023-24
According to Noelle Acheson, the creator of the “Crypto is Macro Now” newsletter, the coin’s 30-day realized volatility has “fallen dramatically” recently. According to Acheson’s compilation of Coin Metrics data, it has been hovering above 64% annually for the past month and was at about 52%.
In the meantime, BitVol, a volatility indicator, has “begun to break down,” plunging to close to its lowest levels since the spring, according to Jake Gordon at Bespoke Investment Group. The index, at press time, was hovering at 69, down from over 111 in May.
According to Mike Novogratz, the CEO of cryptocurrency investing firm Galaxy Digital, the gloomy trend may continue for another two to six months. The majority of investors that required fiat have already sold their assets, he claimed, and sellers are severely depleted. However, the Fed’s monetary policy needs to shift to buck the trend.
Top-tier Bitcoin whales are continuing to sell, and they currently have between 100 and 10,000 BTC. Over the course of the previous year, 3.5% of the supply on these crucial addresses was moved to locations having lower impact on future price fluctuations. Just in September, another 0.4% of BTC’s supply was burned. A significant tendency to watch out for in October is the accumulation of potential whales.
Since there is still
Read more on ambcrypto.com
