According to CryptoPotato, Bitcoin's price has increased to around $28,000 in the past 24 hours, following millions worth of liquidated short positions and increased trading volume. As market sentiment improves, many are curious about how high Bitcoin's price can get during the next bull run. ChatGPT, an artificial intelligence, suggests that the next Bitcoin bull run could begin in late Q1 or early Q2 in 2024, following the upcoming Bitcoin halving. Factors that could determine the beginning of the next bull run include adoption and use cases, institutional investment, regulation, macro-economic factors, and technological developments. Institutional investors, such as hedge funds and large corporations, have shown interest in Bitcoin, and increased institutional adoption could lead to increased demand and price appreciation. The United States Securities and Exchange Commission (SEC) has recently delayed multiple applications for a spot Bitcoin ETF, including those from BlackRock, Valkyries, Invesco, and Bitwise. Some analysts have based their BTC price predictions on the approval of a spot Bitcoin ETF. Tom Lee from Fundstrat said that BTC could reach $180,000 if a spot Bitcoin ETF is approved. Other price predictions for BTC during the next bull run include $148K by Pantera Capital, $100K before March 2024 by Adam Back, $120K in 2024 by Robert Kiyosaki, and $100K by 2024 by Standard Chartered.

Bitcoin could hit $100,000 by end-2024, Standard Chartered says LONDON, April 24 (Reuters) - Top cryptocurrency bitcoin could reach $100,000 by the end of 2024, Standard Chartered (STAN.L) said on Monday, saying that the so-called "crypto winter" is over. Bitcoin could gain from factors including recent turmoil in the banking sector, a stabilisation of risk assets as the U.S. Federal Reserve ends its interest rate-hiking cycle and improved profitability of crypto mining, Standard Chartered's head of digital assets research Geoff Kendrick said in a note.

Prominent cryptocurrency analyst Benjamin Cowen has recently shared a sobering forecast on Bitcoin’s price trajectory, positing a potential dip to the $23,000 mark after the cryptocurrency traded within a specific range over the last few weeks.In a recent video the popular analyst shared with his over 780,000 subscribers on the Google-owned video-sharing platform, Cowen underscored Bitcoin’s sustained presence at the lower levels of its range and voiced concerns over the cryptocurrency market’s current challenges, including in the altcoin space.Per his words, odds suggest that the altcoin market is “going to be struggling for the rest of the year.” Cowen noted that such tumultuous periods are par for the course, emphasizing their occurrence is even seen “outside of recessions or recession scares.”The analyst is basing his Bitcoin price prediction on historical patterns that suggest the flagship cryptocurrency tends to experience these drops ahead of halving events, which cut the rate of Bitcoin mined per block in half, effectively reducing its incoming supply.According to Cowen, historical data reveals a ess-than-stellar performance for Bitcoin and other altcoins in the pre-halving phase and while BTC is mildly in the green there are several altcoins in the red.Bitcoin’s upcoming halving event is set to occur in April 2024 and has inspired a number of bullish Bitcoin price predictions. As reported, investment research firm Fundstrat has suggested BTC could see a leap of over 500% from its current value to reach the $180,000 mark ahead of its upcoming halving.Moreover, London-based multinational banking and financial services firm Standard Chartered has suggested that the price of the flagship cryptocurrency could surge to $50,000 this year, and could breach the $120,000 by 2024’s close in another major bullish price prediction for BTC. $BTC

Here are the Bitcoin price predictions for 2024 from 10 well-known individuals and institutions: 1. Tim Draper envisions a Bitcoin value of $250,000. 2. Adam Back anticipates Bitcoin to reach $100,000. 3. Tom Lee's prediction stands at $180,000 for Bitcoin. 4. JP Morgan forecasts a Bitcoin price of $45,000. 5. Arthur Hayes predicts Bitcoin will be valued at $70,000. 6. Robert Kiyosaki expects Bitcoin to reach $100,000. 7. Cathie Wood is notably bullish, with a projection of $1 million for Bitcoin. 8. Mike Novogratz estimates a Bitcoin price of $500,000. 9. Pantera Capital forecasts a value of $148,000 for Bitcoin. 10. Standard Chartered predicts Bitcoin to be at $120,000. How is your prediction?😉