Bitcoin's $350,000 price target comes with a terrifying warning, analyst says
BTC when published $81,031Now $80,617 ▼ −0.51% since it was published
Matthew Hyland believes Bitcoin has a long way to climb before the next major bear market arrives. On Thursday in a post on X, he said a 70% to 80% drop is likely in a few years. Given the heavy support between $100,000 and $125,000, though, he said a run to $350,000 or higher would be needed to unlock it. “ Since BTC will likely get a real Bear market in a few years where it drops 70%-80%, given the amount of support between 100k-125k going to $350k+ will be required to unlock a 70%+ Bear market for Bitcoin ,” he wrote in the post. Bitcoin trades near about $82,000 today at the time of writing.
First reported by TheStreet. This page is a short excerpt; the full text is theirs.
