Mark Palmer, a well-known BTIG analyst, believes that the price of bitcoin will reach $ 95,000 by the end of 2023. He says he is very optimistic about the future of the market.

Mark Palmer has an optimistic view of the cryptocurrency market and the microstrate company. According to Palmer, shares of MSTR will reach $ 950. Palmer’s forecast is five times higher than the current microstrate stock price ($ 950).

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Read more: The best digital currency for investment 2022

Bitcoin price forecast by Mark Palmer

According to Mark Palmer, the price of bitcoin will reach $ 95,000 by the end of 2023. In addition to Palmer, other celebrities such as CZ and Anthony Scaamucci are also optimistic about the future of bitcoin. Changpeng Zhao, CEO of Bainance Exchange, told The Guardian:

Bitcoin is likely to reach $ 70,000 in the next few months or years. According to CZ, with the price of Bitcoin falling from $ 68,000 to $ 20,000, it is time to start the uptrend again. No one can predict the future.

Mark Palmer

SkyBridge co-founder Anthony Scaramucci told the Collision Toronto conference in Toronto, Canada on Thursday that the digital currency was approaching an oversold area due to the growing acceptance of bitcoin (BTC) in various sectors as well as increased wallet activity. Is.

Repetition of bitcoin decline pattern in 2013 and 2017

Analysts believe that the price of Bitcoin will likely improve by 84 to 85% of its price ceiling, as in 2013 and 2017. The $ 20,000 area is very important for Bitcoin. If Bitcoin follows a similar trend than in the past, the price of these cryptocurrencies will reach $ 10,000.

Ian Harnett, founder and CEO of Absolute Strategy Research, believes that Bitcoin will reach a price floor of $ 13,000. According to CoinMarketCap data, Bitcoin is currently trading at $ 21,400.

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