Bitcoin: $1 million from BTC? Latest survey predicts dates

4 Min Read
4 Min Read

Bitcoin is currently one of the world’s top trading assets. Tokens have now evolved into a full-fledged system, actively securing institutional interest and demand amid increasing hype and popularity. BTC currently sits at $106,000 and is paying attention to a massive rise during its recent price trajectory. As geopolitical tensions escalate, Bitcoin has emerged as a great safe haven asset, targeting rapid price overhauls. Of all this, new research shows how Bitcoin will skyrocket at a rate of $1 million earlier than the ultimate forecast timeline. This is the way.

From Bitcoin to $1 million?

Bitcoin is currently up 0.89%, or 106,000, over the past 24 hours. Tokens are rapidly surged amid growing geopolitical uncertainty and are emerging as one of the biggest assets to secure your own assets. Amidst the institutional demand and surges, tokens have already led to massive forecasts, with some analysts and companies citing ambitious price forecasts for tokens. One peer-to-peer research firm has already shown that Bitcoin has already emerged its path to hitting $1 million, and that tokens could ultimately hit the spot by 2027.

The Journal of Risk and Financial Management by MDPI further stated how Bitcoin will reach $200,000 by the end of 2027 and $5 million by the beginning of 2031.

“Peer-reviewed studies suggest that #Bitcoin could reach $1 million by early 2027. By 2031, the model would reach $5 million.”

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What is the point of technical analysis?

The price forecast mentioned above is ambitious in the first place, but with each platform like Concodex, Bitcoin can first achieve the $157,000 mark by 2030.

The platform predicts that the token will reach $1 million by 2040.

BTC price statistics

“According to current Bitcoin price forecasts, Bitcoin prices are projected to rise by 995.00% to $16 million by December 22, 2040. According to technical indicators, the current sentiment is bullish. Time to buy Bitcoin.”

BTC’s short-term price target

In the middle of analysts, busy predicting BTC’s ambitious price targets, and according to expert Colin, BTC is headed towards reaching its $150,000 price mark. He stated how Bitcoin displays reverse head and shoulder patterns on the chart. This indicates a potential price spike in the near future.

“BTC $150,000 is a dish. Current prices are very healthy, above the white support line (green arrows show the latest bounce from it). The reverse head and shoulder (blue) setup is still cooked. There’s nothing to break down to worry.”

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