Ljubljana, Slovenia – May 12 Bitcoin gold cryptocurrency trading chart on smartphone close up.
With the price movement of Bitcoin As volatility decreases and markets become unstable again, some people believe that a crash is imminent for BTC, while others believe and expect the possibility of another uptrend.
New all-time high for Bitcoin is within reach
In a current one Development On the social media platform X (formerly Twitter), cryptocurrency analyst and investor Crypto Jelle shared a bold prediction about Bitcoin – the leading crypto asset.
The crypto expert's analysis was carried out against the background of pessimistic speculation within the community surrounding the price development of BTC. According to him, many people are discussing the bearish signs, setbacks and corrections that BTC may experience in the near future.
However, Crypto Jelle has claimed that despite the negative sentiment, it “doesn’t change the overall picture” for BTC. Additionally, he urged investors to “stick to the plan,” noting that a new all-time high is “within reach.”
The post read:
Many people talk about bearish signs, setbacks and corrections, but these things don't change the bigger picture. Stick to the plan, the all-time highs are within reach.
Jelle also highlighted another reason why he is bullish on Bitcoin and sticks with the digital asset. In another X postJelle explained that BTC is still holding above $50,000, with the total crypto market cap approaching $2 trillion.
BTC all-time high within reach | Source: Crypto Jelle on X
Yet the “average Joe still doesn’t care,” leading him to believe that “the cycle isn’t over yet.” He further noted that there will be clear signs that retail is about to flood the market.
As a result, Bitcoin adoption is likely to increase as search interest in BTC increases. Jelle expects a US-based crypto exchange to take place during this time Coinbase will return to its top spot in the App Store.
BTC compared to Warren Buffett's Berkshire Hathaway stock
Lately, many market experts seem to be bullish on Bitcoin. One of them is Max Keizer, a BTC proponent who has done this compared the crypto asset to Warren Buffett's well-known Berkshire Hathaway stock.
According to Max Keizer, buying BTC today is just like buying Berkshire Hathaway shares in its early days. Notably, the shares used to sell for $1,500 each, but now they are selling for $628,000. With this comparison, Keizer makes a case for it BTC could potentially rise over 41,000% at its current price of $51,000.
Bitcoin price has fallen by over 2% in the last 7 days and is currently at $51,147. CoinMarketCap data shows that it is Market capitalization is down 0.86% while trading volume is up over 6%.
BTC is trading at $51,209 on the 1D chart | Source: BTCUSDT on Tradingview.com
Featured image from iStock, chart from Tradingview.com
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers
Comments are closed.