Bitcoin’s (BTC) break to an all-time high above $63,000 has several analysts feeling bullish, with price targets at $70,000 or higher by next month.
Risks remain, as some analysts choose to wait for confirmation of the breakout in price charts, especially with bullish positioning reaches extreme levels in the futures market.
CoinDesk rounded up several cryptocurrency analysts for their bitcoin forecasts.
Alex Blum, managing director at Two Prime:
Joe DiPasquale, CEO of BitBull Capital:
Garrick Hileman, head of research at Blockchain.com:
Justin Chuh, trader at Wave Financial, a digital asset management firm:
Matt Blom, head of sales and trading at Equos:
Edward Moya, senior market analyst, Oanda: