Kara Szabo, a crypto analysis expert, recently shared her Bitcoin (BTC) price predictions on Twitter for the next four years. Szabo has a record of extraordinarily accurate calls and is highly regarded in the cryptocurrency community.
According to Szabo, Bitcoin has a market capitalization of approximately $504.6 billion, with a circulating supply of 19.47 million coins out of a fixed total supply of 21 million. The current price of Bitcoin stands at $25,905. She emphasized that Bitcoin is and will continue to be the cornerstone of the cryptocurrency market. It is the one constant in a rapidly evolving technological landscape, available for purchase on virtually every exchange.
Szabo also pointed out the significance of Bitcoin’s halving events, which occur approximately every four years and reduce the rate at which new coins are generated. The next Bitcoin halving is expected to occur on April 26, 2024. Traditionally, the cryptocurrency market has seen a surge in the year leading up to a halving event. For instance, in 2020, Bitcoin experienced a record eight consecutive months of price gains.
By the end of 2023, Kara Szabo predicted that Bitcoin’s price would likely settle between $30,000 and $40,000. She anticipates that the cryptocurrency would close in the year 2024 around the $100,000 mark. Moving into 2025, she expects the price to fluctuate between $150,000 and $200,000. However, Szabo warned that 2026 could mark a significant downturn, with Bitcoin potentially undergoing a correction of 75% or more, pulling its price back below $100,000.
As of this writing, BTC is trading at $25,867.59, displaying a bullish sentiment with a 24-hour price increase of 0.41%. The cryptocurrency has set a support level at $25,730.12 and is encountering resistance at $25,931.30. Notably, the trading volume has fallen by 44.22% and currently hovers around $7.7 billion. This decline in trading volume could indicate a shift toward a bearish sentiment in the near future.
