A broadly adopted crypto analyst is predicting that the price of Bitcoin (BTC) will skyrocket throughout the first half of this 12 months.
In a brand new video, the host of InvestAnswers tells his YouTube 388,000 subscribers that Bitcoin is lengthy overdue for a large rally that ought to occur someday between March and June of 2022.
“I all the time mentioned we’d hit $98,000 Bitcoin throughout this bull run, [but] I didn’t understand it could be so delayed. Between the China ban and the doldrums for 11 weeks, then a horrible September. December has [also] variety of been sucky.
Somehow, we simply are taking part in magnet ball with $47,000 since the starting of [December]. We’re nonetheless precisely at $47,073, you may’t make this up.
Now I do consider we’ll hit that $98,000… When I take a look at issues like adoption, on-chain metrics, the massive cash is coming in Q1, the solely approach is up. And to double is nothing for Bitcoin…
I’m simply going to place a line in the sand and that’s what I see: someday by the finish of March or June.”
The host then predicts that extra treasuries will start to observe the customary set by MicroStrategy CEO Michael Saylor and begin shopping for and holding BTC in massive portions.
“[MicroStrategy] is 15,000 [BTC] away from that target, of having 1% of all BTC supply. More treasuries will follow. They’re creeping in. We haven’t heard about them yet, but a lot more will follow in 2022, especially with this price stability. It’s almost not as volatile as it used to be.”
BTC is exchanging fingers at $47,741 at time of writing, a 15.5% lower from its 30-day excessive of $56,522.
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