Venture capitalist Tim Draper, famous for his bold long-term Bitcoin price forecasts, has reiterated his call for BTC to hit $250,000 in 2024. Draper cites growing mainstream adoption and receptive government policies as key catalysts that will propel Bitcoin to a quarter million dollars.
Keypoints
- Tim Draper predicts Bitcoin will hit $250,000 in 2024, citing increased mainstream adoption like what happened in El Salvador
- Draper believes if Bitcoin hits $250,000, it will keep going much higher past that price
- Bitcoin price indicators like Bollinger Bands and RSI are pointing to a potential imminent short-term price move up
- Daily Bollinger Bands are narrowing similarly to how they did before previous BTC breakouts above $30,000 and $40,000
- The 3-day MACD indicator poses a potential threat for negation if it sees a bearish trend flip in the next few days
Draper points to El Salvador’s pioneering move to make Bitcoin…
