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940: THIS ECLIPSE-LIKE EVENT IS WHY BITCOIN WILL REACH $100K BY NEXT YEAR, SAYS TOP CRYPTO ANALYST!!
FromCrypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
940: THIS ECLIPSE-LIKE EVENT IS WHY BITCOIN WILL REACH $100K BY NEXT YEAR, SAYS TOP CRYPTO ANALYST!!
FromCrypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
ratings:
Length:
28 minutes
Released:
May 27, 2022
Format:
Podcast episode
Description
He said the so-called crypto winter for Bitcoin is over for now, with a forecast for the #1 cryptocurrency to reach $100,000 by later 2023, in a run higher that could last up to 2025.
“I’m not giving a major buy signal, I’m just saying, yes, you can start to buy a little bit,” Lamoureux told MarketWatch in a recent interview. Hovering at $30,000 and off more than 55% from a record high of $68,990 in November 2021, bitcoin meets much of his criteria to exit a bear market, he said.
“One of the main things that drives Bitcoin (BTC) is supply,” he said. “There’s less supply, so there’s less coming to the market …that historically has always driven prices higher. What I’m saying is that it’s out of the narrative now.”
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“I’m not giving a major buy signal, I’m just saying, yes, you can start to buy a little bit,” Lamoureux told MarketWatch in a recent interview. Hovering at $30,000 and off more than 55% from a record high of $68,990 in November 2021, bitcoin meets much of his criteria to exit a bear market, he said.
“One of the main things that drives Bitcoin (BTC) is supply,” he said. “There’s less supply, so there’s less coming to the market …that historically has always driven prices higher. What I’m saying is that it’s out of the narrative now.”
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
May 27, 2022
Format:
Podcast episode
Titles in the series (100)
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