Fintech Dashboard predicts the highest BTC price of $ 80,000 this year

A favorable macro environment, strong on-chain fundamentals and the approval of new US futures-based ETFs will push Bitcoin (BTC) to an all-time high this quarter, according to a survey by Finder of fintech industry professionals.

The 50-strong industry executive expects Bitcoin to peak at just over $ 80,000 this quarter before ending the year at around $ 71,400. According to Cointelegraph Markets Pro, the best digital coin will trade at $ 62,600 on Tuesday. The target of $ 80,000 means an additional upward trend of 28% for BTC in the coming months.

Finder’s board of directors consists of Cypherpunk Holdings COO Daniel Cawrey, Bitcoin Reserve CEO Nik Oraevskiy, Kraken Director Jonathon Miller, Research Analyst Arcane Vetle Lunde and Ki Young Ju, CEO of CryptoQuant. Seven university professors from all over Asia, Europe and Australia also gave their insights.

While the consensus target puts Bitcoin on the path for a bullish quarter, it’s well below the six-digit price that many analysts believe is not only feasible but also likely. Forecasts from Standard Chartered and Bloomberg suggest that Bitcoin could become a reality this year due to a combination of technical, fundamental, and acceptance-based factors.

Related: Buy rumors … buy news? BTC price will exceed $ 63,000 when the US Bitcoin ETF hits the market

Beyond the psychological mark, the BTC price target of $ 100,000 is nowhere near as important as determining when the current market cycle will peak if it doesn’t. Institutional stake in Bitcoin has accelerated over the past five weeks, which is a compelling sign that the bull market has resumed its return from the summer decline. According to online analyst Willy Woo, the next phase of the Bitcoin market will be “more volatile” than the previous bull phases, implying a longer period for the current cycle.