{"id":18668,"date":"2024-04-24T16:32:19","date_gmt":"2024-04-24T16:32:19","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=18668"},"modified":"2024-04-24T16:32:19","modified_gmt":"2024-04-24T16:32:19","slug":"well-known-analyst-reveals-short-term-bitcoin-price-target","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/well-known-analyst-reveals-short-term-bitcoin-price-target\/","title":{"rendered":"Well-Known Analyst Reveals Short-Term Bitcoin Price Target"},"content":{"rendered":"<p>Mike Alfred, Managing Partner at Alpine Fox LP, expects Bitcoin&#8217;s price to surge to tens of thousands of dollars in the short term.<\/p>\n<p>Bitcoin has largely traded between $60,000 and $70,000 since mid-March. Alfred believes <a href=\"https:\/\/coinengineer.net\/blog\/bitcoin-halving-shows-its-effect-in-the-usa-crypto-stocks-turn-green\/\">Bitcoin<\/a> will break above this range in the near future.<\/p>\n<p>&#8220;The DXY dollar index hit resistance at 106 as expected. A reversal to 102-103 would turbocharge this rally. The timing is also right because Bitcoin is ready to move to $90,000 in the short term. In the long term, I expect DXY to fall to 92, perhaps by the end of 2025,&#8221; Alfred said.<\/p>\n<p>Investors tend to move away from riskier assets like Bitcoin when the dollar strengthens. Bitcoin and altcoins have generally moved in the opposite direction of DXY over the past few years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mike Alfred, Managing Partner at Alpine Fox LP, expects Bitcoin&#8217;s price to surge to tens of thousands of dollars in the short term. Bitcoin has largely traded between $60,000 and $70,000 since mid-March. Alfred believes Bitcoin will break above this range in the near future. &#8220;The DXY dollar index hit resistance at 106 as expected.<\/p>\n","protected":false},"author":1,"featured_media":18211,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[61,1948,5622],"class_list":["post-18668","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bitcoin","tag-dxy","tag-mike-alfred"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Well-Known Analyst Reveals Short-Term Bitcoin Price Target - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Mike Alfred, Managing Partner at Alpine Fox LP, expects Bitcoin&#039;s price to surge to tens of thousands of dollars in the short term.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/well-known-analyst-reveals-short-term-bitcoin-price-target\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Well-Known Analyst Reveals Short-Term Bitcoin Price Target - 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