Bitcoin
Bitcoin (BTC)
$65,924.00 0.13579
Bitcoin price
Ethereum
Ethereum (ETH)
$3,372.86 -3.32413
Ethereum price
BNB
BNB (BNB)
$580.91 -0.42287
BNB price
Solana
Solana (SOL)
$179.43 3.31768
Solana price
XRP
XRP (XRP)
$0.6260270 4.88157
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000171 -0.23929
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000123 0.86677
Pepe price
Bonk
Bonk (BONK)
$0.0000286 1.44135
Bonk price
Bitcoin
Bitcoin (BTC)
$65,924.00 0.13579
Bitcoin price
Ethereum
Ethereum (ETH)
$3,372.86 -3.32413
Ethereum price
BNB
BNB (BNB)
$580.91 -0.42287
BNB price
Solana
Solana (SOL)
$179.43 3.31768
Solana price
XRP
XRP (XRP)
$0.6260270 4.88157
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000171 -0.23929
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000123 0.86677
Pepe price
Bonk
Bonk (BONK)
$0.0000286 1.44135
Bonk price
Bitcoin
Bitcoin (BTC)
$65,924.00 0.13579
Bitcoin price
Ethereum
Ethereum (ETH)
$3,372.86 -3.32413
Ethereum price
BNB
BNB (BNB)
$580.91 -0.42287
BNB price
Solana
Solana (SOL)
$179.43 3.31768
Solana price
XRP
XRP (XRP)
$0.6260270 4.88157
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000171 -0.23929
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000123 0.86677
Pepe price
Bonk
Bonk (BONK)
$0.0000286 1.44135
Bonk price
Bitcoin
Bitcoin (BTC)
$65,924.00 0.13579
Bitcoin price
Ethereum
Ethereum (ETH)
$3,372.86 -3.32413
Ethereum price
BNB
BNB (BNB)
$580.91 -0.42287
BNB price
Solana
Solana (SOL)
$179.43 3.31768
Solana price
XRP
XRP (XRP)
$0.6260270 4.88157
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000171 -0.23929
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000123 0.86677
Pepe price
Bonk
Bonk (BONK)
$0.0000286 1.44135
Bonk price

Analyst believes Bitcoin to go ‘parabolic’ soon

analyst-believes-bitcoin-to-go-parabolic-soon
Edited by
Markets
Analyst believes Bitcoin to go ‘parabolic’ soon

In a recent YouTube video, George, the crypto analyst behind the CryptosRUs channel shared his bullish Bitcoin price predictions. He believes Bitcoin is poised to continue trending upwards based on improving fundamentals and favorable market conditions.

Specifically, George cited an analysis from Standard Chartered Bank, which has over $500 billion in annual revenue. Their analysts predicted Bitcoin reaching $120,000 by 2024 for two key reasons — supply shocks from Bitcoin (BTC) miners holding more coins post-halving and increased demand from spot Bitcoin ETF approvals.

It always comes down to supply and demand, supply and demand, right? And demand keeps on going up, spot Bitcoin ETFs will bring more demand, and then supply for Bitcoin keeps going down.

The crypto analyst points to charts showing Bitcoin’s recent 33-day uptrend and forming higher highs and higher lows. He gives a “75% probability” that Bitcoin ends 2023 between $40,000 and $45,000, calling the current minor pullback just “moving according to plan.”

Other positive metrics George highlighted include a parabolic indicator flipping green right before previous Bitcoin rallies, all-time highs in addresses holding the minimum threshold of Bitcoin, and surging open interest in Bitcoin futures and options.

I don’t know how anyone can be bearish.