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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Bitcoin Could Soar To $140,000 In Next Bull Cycle, Crypto Analysis Channel

Samuel Edyme
Samuel Edyme
1 year ago
3 mins read
Bitcoin (BTC)

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Renowned crypto analysis channel BitBoy Crypto recently presented a bullish forecast for Bitcoin, projecting a potential surge to $140,000. The leading cryptocurrency, currently enjoying a strong position in the market, could be poised for a significant climb, according to AJ, an analyst from BitBoy Crypto.

This forecast comes at a time when Bitcoin continues to captivate institutional investors and attract large funds interested in capitalizing on its sustained growth.

Bold Bitcoin Prediction Amid Growing Institutional Interest

AJ’s latest analysis for Bitcoin points to a potential climb to $140,000 in the next bullish cycle. This prediction, particularly ambitious in its scope, follows BlackRock’s recent filing for a Bitcoin Exchange Traded Fund (ETF).

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Bitcoin (BTC)

Analyst’s Forecast: Bitcoin (BTC) To Hit $310,000 If This Happens

1 year ago

This move sparked a chain reaction with several other large funds submitting their own filings, further underscoring Bitcoin’s burgeoning influence in the crypto landscape.

Additionally, AJ forecasted that Bitcoin is set to consolidate its share of the crypto market in the coming years. This notion stems from two key factors: Bitcoin’s distinct position as a non-security digital asset, unlike various altcoins, along with its pioneering status in the market that has garnered institutional investor attention.

According to AJ, Bitcoin’s dominance in the crypto market will not wane in the foreseeable future. He, however, did not dismiss the potential for Ethereum (ETH) to possibly surpass Bitcoin in terms of market capitalization in the long term. However, from a tokenomics perspective, Bitcoin stands out significantly from most altcoins.

Currently, 92% of Bitcoin’s maximum supply is in circulation, contrasting sharply with several crypto projects, where only approximately 50% of their max supply ranging from 500 million to 1 trillion tokens is in circulation.

BTC Climb And Market Cap Increase

Wrapping up his speculation, the BitBoy Crypto analyst surmised that Bitcoin’s value could increase to somewhere between $100,000 and $140,000 in the next bull market. Moreover, he projected that Bitcoin’s market capitalization would reach at least $2 trillion, provided his bullish thesis holds true.

This BTC prediction is just one out of the many Bitcoin predictions reported in the past weeks. Last week, renowned analyst Willy Woo sets forth a prediction suggesting Bitcoin could potentially scale up to a price of $310,000 under a specific set of circumstances. These conditions included institution players allocating 5% of their Assets Under Management (AUM) into BTC.

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Bitcoin (BTC)

Nansen Forecast For Bitcoin Bull Run: Regulatory Clarity And Lower Inflation

1 year ago

Weeks prior, another crypto analyst Credible Crypto predicted that Bitcoin could reclaim its previous peak of $69,000 based on the assumption of a continuing “parabolic advance”

Regardless, BTC currently trades above $31,000 at the time of writing. The asset is up 1.4% in the past 24 hours and has a daily volume of $16.5 billion over the same period.

Bitcoin (BTC)’s price chart on TradingView
Bitcoin (BTC)’s price moving sideways on the 4-hour chart. Source: BTC/USD on TradingView.com

Featured image from Shutterstock, Chart from TradingView

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Samuel Edyme
Samuel Edyme

Samuel Edyme

Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others.

Read more

Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis.

Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events—like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ’s arrest—has honed his keen sense of market dynamics.

When he isn’t crafting engaging crypto content, you’ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he’s catching some Z’s or scrolling through Elon Musk’s very own X platform—(oops, another screen activity, my bad…)

Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters—(don’t judge, that’s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or “kaizen,” striving to be 1% better every day. His mantras, “God knows best” and “Everything is still on track,” reflect his resilient outlook and how he lives his life.

In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He’s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck—unflappable. Edyme is like trading in your car for a jet—bold. He’s the guy who’d ask his boss for a pay cut just to prove a point—(uhhh…). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent—okay, maybe that’s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps.

Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That’s just not the way he roll. He has these favorite lyrics from NF’s “Clouds” that resonate deeply with him: “What you think's probably unfeasible, I've done already a hundredfold.”

PS—Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He’s 100% Him-alayan. Screw it, he ate the opp.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

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The highest standards in reporting and publishing
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