The majority of crypto market participants expect Bitcoin to reach as high as $100,000 in the next BTC expansion: Bitget
According to a new study, most crypto participants believe that Bitcoin (BTC) will surpass its all-time high (ATH) at some point after the upcoming halving.
The study, released by crypto trading platform Bitget, surveyed 9,748 crypto investors from various regions around the world, including Western Europe, Eastern Europe, Southeast Asia, East Asia, MENA (Middle East and North Africa), and Latin America.
Bitget notes that the majority of the thousands of respondents are optimistic about the future of Bitcoin.
About 84% of respondents believe that Bitcoin will surpass its previous high of $69,000 in the next bull market following the April halving, where miners' rewards are halved.
The report also states that 55% of respondents expect Bitcoin to enter a stable trading range between $50,000 and $100,000. A smaller group of respondents expect Bitcoin to exceed $150,000.
More than half of respondents predict that Bitcoin will have a trading range of between $30,000 and $60,000 at the time of the April halving. About 30% believe Bitcoin will surpass $60,000 in April.
The survey also shows that 70% of crypto market participants plan to increase their investments in digital assets.
Bitget CEO Gracy Chen says:
“The results reflect a wide range of expectations and investment plans and suggest that 2024 will be a significant year for the Bitcoin market. We are pleased to see such positive sentiment emerging as market conditions continue to recover.”
At the time of writing, Bitcoin is trading at $42,890, up slightly in the last 24 hours.
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