Bitcoin to rally more than $500k says some crypto analyst.
Bitcoin has pass $50k but for me,we need a close watch.We are expecting halving in April, looking at the daily chart we see Bitcoin moving to $67k but I expect to see retracement to $40k before any move so as to gather enough momentum.
Bitcoin has more buying pressure on it now than ever because of;
ETF approval which open room for more investors to invest and minimize there risk thereby holding more coins .
Election would also have impact on it move, because of general election coming up in over 50 countries of the world.
Inflation taking it lead.
Tension in economy of countries,etc.
But holding till September 2025 would be worth it since the bull run will last till then.
My question is who buys Bitcoin at that price..?
Will the value of Bitcoin keep increasing after then?
Your question is the same as when the price of bitcoin was still thousands of dollars, many people asked whether anyone would buy bitcoin when the price touched $10k and in fact the price of bitcoin continues to be bought by people even though a few years ago the price of bitcoin reached $67k.
one thing I have learned in the market, whatever the price of bitcoin, bitcoin will continue to be of interest to people, especially investors with a lot of capital, they will look at bitcoin as a good investment, besides that bitcoin has been proven to be immune to inflation which makes investors Professional investors are confident about Bitcoin's future.