🚀 Bitcoin price rises again, breaking $28,000! This is thanks to the liquidation of short positions and increased trading volume. Approximately, how high can the price of Bitcoin rise in the future? Come on, let's discuss it together! 😄

When Did Bitcoin's Bull Run Start?

Before talking about price targets, let's find out when Bitcoin's bull run will start. According to AI ChatGPT, several important factors that determine the start of a bull run are:

1. Adoption and use;

2. Institutional investment;

3. Regulation;

4. Macroeconomic factors;

5. Technology development.

Don't forget, there is a Bitcoin halving coming in late Q1 or early Q2 of 2024. This could be an early indicator of a BTC bull run.

How High Can Bitcoin Prices Rise?

One of the factors that determines the price of Bitcoin is institutional involvement. The more institutions involved, the higher the demand and price of Bitcoin. However, institutional adoption may not be optimal if a Bitcoin ETF has not been approved.

Some interesting BTC price predictions for the next bull run:

1. $148K by Pantera Capital;

2. $100K by March 2024 by Adam Back;

3. $120K by 2024 by Robert Kiyosaki;

4. $100K by 2024 by Standard Chartered.

What do you think? How high can Bitcoin price rise? Come on, discuss in the comments column! 🤔💬