After the FUD and Binance's agreement with the American government authorities, analysts who see Bitcoin reaching the $39/40k threshold are increasing.
Although CZ's resignation and the $4.3 billion are a huge figure, for many the figure is lower than expectations which would see the exchange fined at least $10 billion and convicted of market manipulation.
The news directly affected the price of Bitcoin which went from 36k to 38k.
Thielen Markus, head of research at Matrixport and founder of DeFi Research, says in a note shared on CoinDesk that the price will exceed 38k dollars by the end of the month with a probability of 80% and then a rally that will bring the price to 40k with a probability of 90%.
There are various factors that could help this forecast, including the decrease in the inflation rate and the decline in bond yields.
Following other analysts who share the same prediction, to name a few CryptoTony, Jacob Canfield who even pushes to 47k, Credibull and others. As always, these are forecasts and analyses, there is no absolute certainty and you should not rely on these things, but on your own study and research which must be done before investing.
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