Bitcoin Rally: Crypto Analyst Says New Peak Is Within Arms’ Reach
26 Februar 2024 - 10:00PM
NEWSBTC
With the price movement of Bitcoin becoming less volatile and the
markets becoming unstable once more, some people think a crash is
imminent for BTC, while some believe and anticipate a potential for
further upward surge. New All-Time High For Bitcoin Is Within An
Arms Reach In a recent development on the social media platform X
(formerly Twitter), Cryptocurrency analyst and investor, Crypto
Jelle, has shared a bold prediction regarding Bitcoin – the leading
crypto asset. Related Reading: Bitcoin Bullish Outlook: Analyst
Predicts Near-Term Surge To $61,000 The crypto expert’s analysis
came in light of the bearish speculations within the community
around the price action of BTC. According to him, many people are
discussing the bearish signs, pullbacks, and corrections that BTC
could witness in the near future. However, Crypto Jelle has
asserted that despite the negative sentiments it “does not change
anything about the bigger picture” for BTC. Furthermore, he has
urged investors to “stick to the plan,” noting that a new all-time
high is just “within arms reach.” The post read: Lots of people
talking about bearish signs, pullbacks, and corrections, but these
things change nothing about the bigger picture. Stick to the plan,
all-time highs are within an arms reach. Jelle has also highlighted
another reason why he is bullish on Bitcoin and sticking with the
digital asset. In another X post, Jelle stated that BTC is still
holding above $50,000, with the entire crypto market cap
approaching $2 trillion. Nonetheless, the “average Joe still does
not care,” prompting him to believe that “the cycle is not over”
yet. He further pointed out that there will be lucid indications
that retail is about to flood the market. As a result of this,
Bitcoin is set to witness higher adoption as search interest for
BTC will surge higher. Jelle anticipates that during this time,
American-based crypto exchange Coinbase will return to its top spot
in the app store. BTC Compared To Warren Buffett’s Berkshire
Hathaway Stock Lately, a lot of market experts have appeared to be
bullish about Bitcoin. One of these is Max Keiser, a BTC advocate,
who has compared the crypto asset to the well-known Warren
Buffett’s Berkshire Hathaway Stock. Related Reading: Crypto
Platform Which Predicted Bitcoin To Reach $50,000 Has Released A
New Target According to Max Keiser, acquiring BTC today is just
like buying Berkshire Hathaway shares in its initial days. It is
noteworthy that during its earlier days, the stocks were sold for
$1,500 each, which is now being sold for $628,000. With this
comparison, Keiser advocates that BTC could potentially rise by
over 41,000% at its present price of $51,000. This price of
Bitcoin is down by over 2% in the past 7 days, currently trading at
$51,147. CoinMarketCap’s data shows that its market cap is down by
0.86%, while its trading volume is up by over 6%. Featured image
from iStock, chart from Tradingview.com
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