Bitcoin surpassed $36,000: price forecasting is positive

Bitcoin (BTC) has crossed the $36,000 mark, confirming Morgan Stanley analyst’s price forecasting that sees a new crypto spring on the horizon. 

Bitcoin surpassed $36,000, confirming Morgan Stanley analyst’s price forecasting

Over the past 24 hours, Bitcoin has seen its price rise above the $36,000 mark, even touching $36,950. At the time of writing, BTC is worth $36,654. 

​​https://twitter.com/BitcoinMagazine/status/1722400277657989290

This is a 4% pump compared to yesterday and the last week, while, compared to last month, Bitcoin recorded a +31.5% price pump. 

A figure that had not been touched by the queen of cryptocurrencies since early May 2022, when the long crypto winter began that brought the price of BTC down to as low as $16,400. 

Since the beginning of 2023, then, BTC has been back above the $20,000 mark, with only two peaks touching $30,000, in April and late June, respectively.

This latest bull run, however, looks different from the previous two. And in fact, after the third pump in October that brought Bitcoin’s price back up to $30,000, then BTC only went up, surpassing $36,000 today. 

Among the various Bitcoin price forecasts, one emerges from global investment bank analyst Morgan Stanley, for whom “crypto spring is on the horizon.” 

Bitcoin surpasses $36,000 price and people are forecasting ‘a new crypto spring is on the horizon’

Recently, Morgan Stanley analyst Danny Galindo reportedly described his own idea of crypto price trends, dividing them into the four seasons. 

Hence, for Galindo, crypto spring is that period before Bitcoin halving and seeing the price of BTC recover from the low point of this cycle. In general, compared to the Summer season, crypto-investor interest is still weak at this time. 

In this regard, the next halving of Bitcoin will come around April 2024, and the price of BTC is recovering sharply. 

Of course, the queen crypto is the market leader, and the present bull run has affected the performance of all other crypto assets.

In the last 24 hours, in fact, Ethereum (ETH) is pumping +4%, Binance Coin (BNB) +9%, and Ripple (XRP) +14%. 

Other crypto assets recording a more substantial pump than BTC are Cardano (ADA) and Polygon (MATIC) with +20% in 24 hours, Toncoin (TON) with +22%, Chainlink (LINK) with +29%. 

Finder’s BTC forecasting

In late October, Finder released its latest Bitcoin Price Predictions report, which is the result of an average of predictions made by 31 crypto and fintech specialists. 

These are three Bitcoin price predictions, namely for 2023, 2025, and 2030. So in this case, for 2023, the current pre-halving year, the prediction is that we will arrive in December with BTC just above $30,000. 

Looking at 2025, the post-halving year, the Bitcoin price forecasting made by specialists instead sees an average of $87,000. 

And finally, as for 2030, the average forecast is almost $290,000, considering that the next halving after 2024, will be precisely in 2028.