Max Keiser Expects $100K BTC Price in Current Cycle
According to Max Keiser, a well-known Bitcoin enthusiast and advisor to the President of El Salvador, the current BTC price surge is just the beginning. Keiser predicts that a “God Candle,” a sudden and significant price rise, could push the Bitcoin price up by $100,000. He believes that this will shock the world and attract more investors to the cryptocurrency market.
“A $100,000 God Candle is in play. A $100,000 uptick in Bitcoin price. This will literally shock the world.”
This is not the first time Keiser has made bold predictions about Bitcoin’s price. In 2021, he forecasted that BTC would reach $220,000 by the year’s end. Additionally, crypto analyst Dan Lim suggests that BTC has entered a “strong bull zone,” indicating that new sources of capital will enter the market as more investors take positions.
The low share of BTC trading in losses further supports the potential for a widespread rally.
What’s Next for BTC?
In a previous Bitcoin price prediction by CoinGape, it was stated that if support held, the price could reach as high as $48,257. Positive developments regarding spot Bitcoin ETF applications could serve as catalysts for breaking through resistance levels. With Blackrock amending its ETF filings, other applicants may follow suit in the coming days.
Hot Take: Bitcoin’s Bull Run Continues
The recent surge in Bitcoin’s price has sparked excitement among crypto enthusiasts and experts like Max Keiser. With the possibility of a spot Bitcoin ETF approval and the upcoming Bitcoin Halving event in 2024, many predict that this bull run will continue for at least the next six months. If Keiser’s prediction of a $100,000 BTC price increase comes true, it will undoubtedly make waves in the financial world and attract even more attention to the cryptocurrency market.
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