CandleFocus Bitboy Boldly Predicts Bitcoin Cycle Top at $146,641 Despite Ongoing Turbulence
2024-09-09
Author: Content Editor
Bitcoin has experienced significant volatility in recent weeks, dropping from nearly $60,000 to under $53,000. However, industry leaders and analysts still see substantial potential in the cryptocurrency. Popular figure Bitboy predicts Bitcoin could reach $146,641 in this cycle, while analysts at Bernstein suggest that the outcome of the U.S. presidential election could greatly impact Bitcoin's trajectory, with a potential surge to $80,000-$90,000 if Donald Trump wins, and a decline to as low as $30,000 if Kamala Harris is elected. Additionally, Michael Saylor, founder of MicroStrategy, projects that Bitcoin could reach $13 million within the next 21 years, attributing its potential to its ability to avoid counterparty risk.
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