BTC USDT: Reaches Highest Level in 2 Years, Analyst Predicts Super Surge

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Bittime -Bitcoin, the most well-known crypto asset, has attracted the attention of many investors and market observers over the years. In its rising and falling waves, a prominent analyst has issued a promising bullish prediction about Bitcoin's potential future rise in value.

Ryan Rasmussen, Senior Crypto Research Analyst at Bitwise has issued a statement that is attracting a lot of attention. His bullish predictions about a potential major surge in Bitcoin prices have created a wave of discussion among investors and market observers.

According to analyst Ryan Rasmussen, Bitcoin has the potential to experience a significant surge in market value in the near future. He detailed several factors that support his view, including growing adoption, growing institutional interest, and other fundamental factors that benefit these crypto assets.

Also read: Bitcoin Skyrockets Influence of Jeff Bezos? Buy BTC & Check Price Prediction Now

“We think that Bitcoin will definitely reach its all-time high in 2024. The previous price was around $69,000 but we don't think it will stop there.”

“We think we'll see at least a 10% to 15% increase over the last one. all-time high in 2024. That will take us to the mid-$80,000 range, so I think our target is $88.00 in 2024, and I still maintain that," said Rasmussen, quoted by Bittime from the newsbtc.com page.

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One of the main factors highlighted by him is the growing adoption of Bitcoin in various sectors. 

He pointed out that more companies and financial institutions have started adopting Bitcoin as part of their financial strategies. This creates strong buying pressure that can push Bitcoin prices to higher levels.

Additionally, institutional interest in Bitcoin also continues to grow. More large companies and institutional investors have started to view Bitcoin as a valid and potentially profitable asset. 

This is proven by the surge in interest from leading financial institutions which are starting to invest large funds in Bitcoin.

Also read: Bitcoin Futures and Bitcoin Options: Bitcoin Financial Contracts, What's the Difference?

The analysis also highlights several other fundamental factors that could drive Bitcoin prices higher. 

These include an increase in the number of Bitcoin wallets, increased trading activity, and wider adoption of blockchain technology across various industries.

While these bullish predictions have attracted a lot of attention, there are also skeptical voices who note that the crypto market is notorious for its high  volatility .

Some skeptics caution that Bitcoin prices have experienced drastic spikes and drops in the past, and that investors should remain alert to the possible risks associated with investing in this highly volatile asset.

Nevertheless, many investors remain optimistic about Bitcoin's long-term prospects. They see great potential in the underlying blockchain technology, as well as its benefits as a store of value and an innovative means of payment.

How to Buy Bitcoin (BTC) on Bittime

You can buy and sell  Bitcoin (BTC)  in an easy and safe way via  Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

Bitcoin (BTC)  is available on Bittime with  the market pair BTC/IDR . To be able to buy  BTC IDR  at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn  the complete guide on how to buy Bitcoin (BTC) on Bittime . 

Monitor price  chart movements  of Bitcoin (BTC ) ,  Ethereum (ETH) ,  Solana (SOL)  and other cryptos to find out today's crypto market trends in real-time on Bittime.

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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.