Crypto analyst Quinten François has recently provided a highly optimistic outlook for the future trajectory of Bitcoin. He emphasized the potential for significant growth, suggesting that Bitcoin could reach as high as $4.5 million in the coming years. François highlighted the importance of Bitcoin’s fourth halving event, indicating that this could be a pivotal moment for the flagship cryptocurrency.
François pointed out that Bitcoin is currently at the lower end of a growth pattern, which it could follow if the fourth halving event mirrors the growth rates of previous market cycles. He suggested that if this were to happen, Bitcoin’s value could range between $140,000 and $4.5 million in the future. Starting from a base of $63,000, François indicated that Bitcoin is poised for a significant upward trajectory in the near future.
According to the analysis shared by François, the impressive growth of Bitcoin to $4.5 million is not expected to occur during the current bull run. He forecasted that Bitcoin might peak at around $1 million if it follows a similar trajectory to the first halving event. Looking ahead to 2028, François suggested that Bitcoin could potentially rise to $4.5 million if it continues to replicate the price movements seen after the first halving.
François also considered alternative scenarios for Bitcoin’s value based on how the fourth halving event unfolds. If Bitcoin were to mimic the patterns seen after the second or third halving, François predicted that the cryptocurrency could rise to highs of $400,000 or $280,000 respectively. Looking further into the future, he suggested that Bitcoin could reach peaks of $1 million or $800,000 by 2028 based on these scenarios.
Recent analyses from various crypto analysts have also indicated a positive outlook for Bitcoin’s future trajectory. Analyst Ali Martinez highlighted the increasing presence of retail investors in the Bitcoin ecosystem, with a surge in new Bitcoin addresses. This influx of investors could lead to price discovery for Bitcoin and trigger a rally as more individuals accumulate the cryptocurrency. Analyst Mikybull Crypto also expressed confidence in Bitcoin’s upward trend, citing technical indicators like the Moving Average Convergence/Divergence (MACD) and the filling of the CME gap as signs of strength for the flagship cryptocurrency.