Because of a “massive supply-demand dynamic,” according to Bitwise’s chief investment officer, the price of bitcoin might rise above $200K this year. He emphasizes that there is “too much demand and not enough supply” for the cryptocurrency. Because of spot bitcoin exchange-traded funds (ETFs), he predicted “an even bigger wave” of demand for the cryptocurrency, … Read more
Renowned chartist and seasoned trader Peter Brandt has reiterated his optimistic view on bitcoin. “My bet is that this is a’starting’ candle,” said Brandt, pointing to “huge monthly bars” on his bitcoin price chart, after increasing his goal price for bitcoin during this bull market cycle to $200K. The Bitcoin Bull Run Prediction of Peter … Read more
Tom Lee, head of research at Fundstrat, has reiterated his forecast for the price of bitcoin to reach $15,000. He believes that the cryptocurrency may hit that mark this year. He gave three main justifications for his optimistic price prediction. Referring to bitcoin as “sound money,” he highlighted its extreme security, potential as a risk … Read more