Expert Analyst Expects Bitcoin_s Price to Peak at $160,000 by 2024 Block Subsidy Halving

TechDev, a popular analyst, predicts that Bitcoin_s price will reach a "parabolic top" around the 2024 block subsidy halving, expecting a peak of approximately $160,000. While acknowledging the uncertainty, he shares a chart on Twitter illustrating the path to this anticipated high. TechDev believes the all-time high will occur in Q2 of 2024, considering resistance lines, Fibonacci retracement levels, and the previous peak from 2021. He emphasizes that this updated log scale prediction is not a forecast or his primary idea.