Cryptocurrency

Millions

Bitcoin

Andrew Kang, a well-known analyst and trader in the cryptocurrency world, recently shared his views on the future course of Bitcoin. 
“I expect Bitcoin to reach $80,000 by May,” Kang said, expressing a bullish outlook for the world's largest cryptocurrency. Kang believes that the journey from 80 thousand dollars to 100 thousand dollars will be difficult and there will be a significant supply. 
However, Kang also noted that asset and wealth manager sales teams are expected to get permission to sell ETFs aggressively very soon. This could clear the supply in as little as a month or as long as three months. 
Related News: <a href="https://en.bitcoinsistemi.com/cryptocurrency-statement-from-hsbc-we-have-performed-millions-of-tests-and/" target="_blank" rel="dofollow">Cryptocurrency Statement from HSBC: "We Have Performed Millions Of Tests And..."</a> 
Kang's prediction is not limited to 100 thousand dollars. Kang believes that Bitcoin will experience another significant rise once the $100,000 barrier is crossed. “Who waits until $110,000, $115,000, $120,000 to sell?” Kang questioned this, implying that the psychological impact of breaking the $100,000 barrier could lead to supply shortages and subsequent price increases. 
Kang also emphasized the change in market dynamics. “We are no longer in a period where individual institutions are ‘pushing up’ Bitcoin,” he explained. Instead, the upward movement will be driven by aggregate Dollar-Cost Averaging (DCA) purchases by millions of unique individuals and organizations in more than 100 countries. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/influential-analyst-predicts-the-level-bitcoin-will-reach-in-may/">Influential Analyst Predicts the Level Bitcoin Will Reach in May</a>

Influential Analyst Predicts the Level Bitcoin Will Reach in May

Bitcoin Sistemi EN

12 Nis 2024 tarihli diğer yazılar

Ethereum ETF Nearing Approval on Monday in Hong Kong

Bitcoin Price Eyes Upside Break, Can Bulls Send BTC To $75K?

Ethereum ETF Idea Trashed by Max Keiser as SEC Keeps Silence

Could Hong Kong Bitcoin ETFs Kick-off China’s Halving Rally?

Bitcoin price takes liquidity near $69K as gold surge rattles markets

Kitty Queen Coin (KITQUE) Rallies 2,024% in 3 Hours and Burns 40% of Supply, But Can It Copy SHIB...

Güncel kripto para haberleri için ücretsiz bültenimize abone olun!