With the price movement of Bitcoin As prices become less volatile and markets become unstable again, some people believe a crash is imminent for BTC, while some believe and anticipate a potential for further upside.
New record for Bitcoin is within reach
In a recent one development On the social media platform
The crypto expert’s analysis came in light of the bearish speculation within the community surrounding BTC’s price action. According to him, many people are discussing the bearish signals, pullbacks and corrections that BTC could witness in the near future.
However, Crypto Jelle has claimed that despite the negative sentiments, it “doesn’t change the bigger picture” for BTC. Additionally, he has urged investors to “stick to the plan,” noting that a new all-time high is simply “within reach.”
The message read:
A lot of people talk about bearish signals, pullbacks and corrections, but these things don’t change the bigger picture. Stick to the plan, record highs are within reach.
Jelle also highlighted another reason why he is bullish on Bitcoin and holding on to the digital asset. In another X afterJelle stated that BTC is still holding over $50,000 while the entire crypto market cap is approaching $2 trillion.
Nevertheless, the “average Joe still doesn’t care,” leading him to believe that “the cycle isn’t over yet.” He further pointed out that there will be clear indications that retail is about to flood the market.
As a result, Bitcoin will witness higher adoption as search interest for BTC will increase. Jelle expects American-based crypto exchanges to take place in this day and age Coin base returns to the top spot in the app store.
BTC compared to Warren Buffett’s Berkshire Hathaway shares
Lately, many market experts seem to be optimistic about Bitcoin. One of them is Max Keizer, an advocate of BTC, who has done just that compared the crypto assets for Warren Buffett’s famous Berkshire Hathaway shares.
According to Max Keiser, acquiring BTC today is like buying Berkshire Hathaway shares in the early days. It’s worth noting that the shares initially sold for $1,500 each, now selling for $628,000. Keizer argues for this with this comparison BTC could potentially increase by over 41,000% at the current price of $51,000.
This Bitcoin price has fallen by over 2% over the past seven days and is currently trading at $51,147. CoinMarketCap data shows this to be the case Market capitalization has fallen by 0.86%, while trading volume has increased by more than 6%.
Featured image from iStock, chart from Tradingview.com
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