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?
If Bitcoin goes to $500k we will still be investing the way we are investing now. If you look at the current direction you can see very well from this price we are buying and investing when bitcoin price dropped so much that it went to $15k but people were not able to buy since that time people bought and invested but still the market No one has invested since the rise but has not stopped. The higher the demand for Bitcoin the better for us because we buy now we will buy then. Bitcoin is always dynamic and Bitcoin will always be dynamic. If Bitcoin can bounce from $15,000 to $52,000 and if it can reach $500,000 from here, it will definitely go above $500,000.