An analyst who accurately called the Crypto Bull Cycle Top of November 2021 predicts new record highs for Bitcoin (BTC) this month.
Pseudonymous analyst Pentoshi tells his 866.100 followers on the social media platform X that the weekly hit list of Bitcoin to show That BTC question considerably exceeds the offer, resulting in higher prices.
The trader says he to see The “insatiable” demand for Bitcoin from companies in the traditional financial (trandfi) world, which means he believes that bullish continuation is on the table for BTC.
“Demand> Supply
A photo is worth 1000 words
The feeling that we see around $ 120,000 this month. ”
The analyst too tells His followers to stay patient and to have a long-term view of the crypto king.
“Every day:
“If billions of dollars flows in BTC, why doesn’t it go up?”
My brother in Christ,
Zoom out.
It is going to come there, maybe not always with the speed you want. ”
At the time of writing, Bitcoin acts for $ 105,536.
Looking at the wider Cryptomarkt, Pentoshi out A new bubble forms in space.
“It seems that all the money will be earned with crypto -bounds that make IPOs (first public offer) at wild ratings
Deeper bags, more liquidity, higher ratings
Another bubble is brewing, another bubble to chase. ‘
The bubble call from Pentoshi comes up after shares of the Stablecoin Emittent Circle (CRCL) on the first day of trade. Circle debuted on Thursday at the stock market with an opening price of $ 69 per share, a huge increase compared to the IPO value of $ 31.00 per share.
From the end of Friday, CRCL is worth $ 107.70.
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Generated image: midjourney