The Future of Bitcoin Through Traders’ Eyes: Will Bitcoin’s Price Recover?
Tags: analytics, cryptocurrency
Published: 2024-02-05 08:18:17

Ahead of the Bitcoin’s halving, crypto enthusiasts are eagerly anticipating what price they can expect after this event. Because of this, most people are obsessed with what’s happening on the market and follow their favorite traders’ every move. That’s why I have collected some opinions from popular crypto traders on what to expect from the Bitcoin price in the near future.

![Image description](https://dev-to-uploads.s3.amazonaws.com/uploads/articles/kgkoel5y6d8sjwl0qzov.png)
_TradingView Source: WhiteBIT BTC Chart_

**Is a Bitcoin Price of $48k Possible?**

Michaël van de Poppe, a popular crypto trader, whose analytic you are used to reading on [Сointelegraph](https://cointelegraph.com/authors/michael-van-de-poppe), [says](https://twitter.com/CryptoMichNL/status/1752625266999128189) he expects the price to fluctuate between $38–48 thousand. After that, a correction is possible in the short term, after which a slight increase in price to $48 thousand is likely. According to the [crypto trader](https://twitter.com/CryptoMichNL/status/1752060284343112160), another run up to $48–50 thousand will happen before the halving. He also believes that outperformance is likely happening with altcoins.

![Image description](https://dev-to-uploads.s3.amazonaws.com/uploads/articles/o7o2cl3axqi8n7sjiytw.png)
_Source: CryptoMichNL/X_

**Bitcoin’s Falling Before Revival**

A crypto trader DavidOnCrypto, who predicted a rise in the price of Bitcoin from $25,000 to $47,000, [assures](https://twitter.com/DavidOnCrypto_/status/1752659112486215717) that the price will fall to 31,000–28,000 before setting a new all-time high price in 2–3 months.

> “It can only dance around to set a major trap. All bounces? Is a trap & will continue to be a trap, not violating $44,000 on 1w closing basis.” said the trader.

He also reminds us that cryptocurrencies are a game of mental acuity. Therefore, you should keep your emotions under control and approach the market with a clear and analytical mindset.


![Image description](https://dev-to-uploads.s3.amazonaws.com/uploads/articles/8uqxgrkppjwjlf4cqlag.png)
_Source: DavidOnCrypto/X_

**Did Trader Hit the Mark Once Again?**

A crypto trader and investor, Altcoin Sherpa is well-known for his accurate forecasts. His recent forecast [about Bitcoin’s falling](https://twitter.com/AltcoinSherpa/status/1749256412914495817?t=QPe1OmxQ75YrpjLSWjVG0w&s=19) to $36,000 further strengthened the faith of his followers. Recently, a crypto trader [expressed](https://twitter.com/AltcoinSherpa/status/1752411293955301680) his opinion on the future price of Bitcoin. He predicts that over the next few weeks/months the price will fluctuate between 35–50 thousand, and then we see some good times later in the year.

![Image description](https://dev-to-uploads.s3.amazonaws.com/uploads/articles/ibz5wdzfewy8da1ukkkq.png)
_Source: AltcoinSherpa/X_

**Briefly and Clearly About Bitcoin’s Price**

Crypto Rover, a famous Crypto YouTuber, known for his stunning videos explaining how to invest in and benefit from Bitcoin. Each of his videos successfully spreads knowledge about proper trading and demonstrates the strategic moves that work best for Bitcoin.

The YouTuber also [expressed](https://twitter.com/rovercrc/status/1752642127065202737) his opinion, albeit briefly but clearly.

“If #Bitcoin breaks this resistance, $48,000 is next.” said Crypto Rover.


![Image description](https://dev-to-uploads.s3.amazonaws.com/uploads/articles/gn70rw7sxnshvzgho6wp.png)
_Source: rovercrc/X_

**Higher Prices After the Halving Are Likely**

A pseudonymous trader TheFlowHorse who [noted to Cointelegraph ](https://cointelegraph.com/news/spot-etf-bitcoin-rally-may-not-sustain-analysts)back in November that the approval of a Bitcoin-ETF would likely lead to a significant price increase, but it’s also likely it will be followed by an eventual retrace in the mid-term. He [believes](https://twitter.com/TheFlowHorse/status/1752808282379399175) that a Bitcoin bounce was worth selling and that we will not make any highs soon.

The trader also recently [gave advice](https://twitter.com/TheFlowHorse/status/1752333913421156785) to his followers:

> “Just a little advice, as most people in this market are obsessed with intraday activity and try to emulate their favorite traders, riding every little move the market offers: We are on the cusp of the most reliable and popular narrative that this market has seen to this point. It’s a small sample size, but it’s all we have. Whether you get in at 43 or 33, higher prices going into the halving and right after are more likely. This boat will lift all others.”


![Image description](https://dev-to-uploads.s3.amazonaws.com/uploads/articles/z5fvas5kdujw1etx3hug.png)
_Source: TheFlowHorse/X_

**Conclusion**

Personally, I am very interested in the future of Bitcoin. Some time ago, most people did not believe that the price of Bitcoin would reach the level it is at now. However, this cryptocurrency has always impressed with its potential, so I would not be surprised if the price reaches an amazing level in the coming years. All we can do is wait and see how things develop.

_Disclaimer* Always follow the rule of “Do your own research” and do not focus solely on technical indicators._