CryptoQuant Predicts Bitcoin to Surge to $249K

Bitcoin has surged to $100,000 with positive signs suggesting the uptrend is back.

Azcnews Cryptoquant Predicts Bitcoin To Surge To $249k

Bitcoin has returned to the $100,000 mark after falling to $97,000 over the past 24 hours.

Bitcoin’s uptrend is officially back. According to CryptoQuant analyst Julio Moreno, the lowest high Bitcoin could reach this year is $145,000, which would add $1.04 trillion to its market cap, bringing its total valuation to $2.8 trillion.

On a more optimistic note, Moreno sees Bitcoin adding $2.08 trillion with a multiplier of four. In this case, he predicts Bitcoin could hit $197,000 before the year ends.

The analyst then goes even further, predicting a $249,000 price target based on a multiplier of six, which would push the market cap to $4.96 trillion. Moreno highlighted three key factors that helped Bitcoin reach these growth milestones, most notably the emergence of a pro-crypto administration in the United States.

Bitcoin Price Outlook
Bitcoin Price Outlook

Second, he highlighted the potential for lower interest rates and a favorable macroeconomic backdrop, which will support Bitcoin’s growth momentum. Finally, he noted that 2024 marks the final year of Bitcoin’s four-year cycle, which has historically been associated with strong price increases.

Read more: XRP Surges to $3 as Search Interest Outpaces Bitcoin

Bitcoin’s recovery is also expected to trigger an Altcoin Season. XRP has unexpectedly surged above $3, despite the SEC filing an appeal in its lawsuit against Ripple. Other digital currencies, such as Litecoin, have also pared their previous losses and maintained their upward trend thanks to their close connection to Bitcoin and solid fundamentals in the ecosystem.

If Bitcoin reaches the price levels predicted by CryptoQuant, altcoins will be the biggest beneficiaries of this boom.

Love

0.0/5

Love

Latest

Bitcoin Boom Ahead Institutional And Derivatives Data Reveal

News | Bitcoin | Editor Choice

Bitcoin Boom Ahead? Institutional and Derivatives Data Reveal

Market experts believe that Bitcoin (BTC) is in a phase of accumulation rather than topping, predicting a retest before the next explosive breakout.

Bnb Super Cycle – A Massive Rally Or Binance’s Next Big Bubble

News | Altcoin | Editor Choice

BNB Super Cycle – A Massive Rally or Binance’s Next Big Bubble?

Binance’s BNB token is heating up the crypto market with a series of new record highs, but amid the excitement of the so-called “Super Cycle,” many analysts warn it could just be a bubble waiting to burst.

Bitcoin Cools Off After Record Breaking Rally

News | Bitcoin | Editor Choice

Bitcoin Cools Off After Record-Breaking Rally

After a series of record-breaking gains, Bitcoin suddenly slipped more than 2% on Tuesday afternoon as a wave of profit-taking spread and investor caution returned to the crypto market.

Aster Accused Of Inflating Trading Volume, Token Price Drops 10%

News | Altcoin | Editor Choice

Aster Accused of Inflating Trading Volume, Token Price Drops 10%

The decentralized exchange Aster is facing heated controversy after being accused by DefiLlama of fabricating trading volume, causing the ASTER token to plunge sharply.

Bnb Price Surges Toward $2,000 Amid Altcoin Season Boom

News | Altcoin | Editor Choice

BNB Price Surges Toward $2,000 Amid Altcoin Season Boom

BNB continues to set new records as the altcoin season ignites, with investors eyeing the $2,000 milestone amid a wave of market optimism.

Screenshot 2025 09 10 100533