Bitcoin
Experts Predict BTC Price Will Hit $150K Soon
Bitcoin is down 23% from its all-time high, which could be a sign of fear for newcomers. However, believers see this as a necessary correction. For some, this is a time to be fearful, but for others, it is a chance to bide their time and opportunity to fill the bags. More than the price of Btc, a large number of people look for its value.
BTC Price: Always High
Don’t just take the word of Bitcoin maximalists when they say it’s time for “diamond hands.” Let’s look at the data because numbers never lie. No matter what time frame you open, if you look at the bigger picture, you’ll notice a continuous upward trend since Bitcoin’s inception. Historically, whenever the price of BTC broke above the 200 DMA, it led to a significant price increase.
Source: TradingView
Bitcoin wallet inflow and outflow data shows that people are starting to understand its value. Instead of trading, many are hoarding. Over time, a large volume of Bitcoin has been transferred from exchanges to private wallets.
Source: Coinglass
Growing Adoption: Bitcoin’s Journey to Becoming a Powerful Asset
Yes, the cryptocurrency is highly volatile, but Bitcoin’s volatility history shows that it is only getting stronger. This reinforces the confidence of Bitcoin believers. Bitcoin still holds more market dominance than all other cryptocurrencies combined, no matter how famous they become.
Source: Coinglass
Famous Bitcoin investor and entrepreneur Lark Davis predicts that Bitcoin will soon hit $150,000. When that happens, Ether will likely hit $15,000 and Solana $1,000. His reasons align with the data we’ve discussed. Bitcoin ETFs are already thriving, and an ETH ETF is expected soon, with a Solana ETF also on the horizon.
Source: Twitter
Data from BitInfoCharts shows a steady increase in the number of active Bitcoin addresses throughout the year.
Source: BitInfoCharts
This means that more people are understanding and adopting Bitcoin every day. The Rainbow price chart illustrates how over the years, Bitcoin has become a powerful asset, increasing in both price and value.
Source: Coinglass
All the data has always shown a great future for Bitcoin and the people who believe in it. If that’s not what we call “to the moon,” then what is?