Most crypto members consider that Bitcoin (BTC) will surpass its all-time excessive (ATH) worth someday after the upcoming halving occasion, in accordance with a brand new examine.
The analysis, issued by crypto buying and selling platform Bitget, surveyed 9,748 crypto traders from totally different areas throughout the globe, together with West Europe, East Europe, South East Asia, East Asia, MENA (Center East and North Africa) and Latin America.
Bitget finds {that a} majority of the 1000’s surveyed are optimistic about the way forward for Bitcoin.
Some 84% of respondents consider Bitcoin will surpass the prior ATH of $69,000 within the subsequent bull run following April’s halving occasion, when miners’ rewards are minimize in half.
The report additionally notes that 55% of these surveyed consider Bitcoin will enter a steady buying and selling vary between $50,000 and $100,000. A smaller group of respondents anticipate Bitcoin to exceed $150,000.
Greater than half of these surveyed predict that Bitcoin may have a buying and selling vary between $30,000 and $60,000 across the time of the April halving. About 30% consider Bitcoin will exceed $60,000 in April.
The survey additionally reveals that 70% of the crypto market members plan to extend their digital asset investments.
Says Bitget managing director Gracy Chen,
“The findings replicate a broad spectrum of expectations and funding plans, indicating that 2024 will probably be a major 12 months for the Bitcoin market. We’re happy to see such optimistic sentiment rising as market circumstances proceed recovering.”
Bitcoin is buying and selling for $42,890 at time of writing, up barely within the final 24 hours.
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