Bitcoin Price Surges 22%: $100,000 in 3 Months? Analysts Predict
Bitcoin is on remarkable run, reaching price levels not seen since late 2021. Over the past 24 hours, the leading cryptocurrency has surged by an impressive 4%, contributing to a significant 22% gain in the last seven days.
In the midst of this bullish trend, prominent analyst Marc van der Chijs makes a bold prediction – he believes Bitcoin is set to reach the $100,000 milestone within the next three months.
Insights into Post-ETF Bitcoin Charts
Marc van der Chijs, a renowned crypto investor and analyst, has shared intriguing insights into the post-ETF Bitcoin charts. He unveils compelling predictions for the next three months.
Van der Chijs points out that the increasing number of people investing in Bitcoin through Exchange-Traded Funds (ETFs) is causing a 2% daily increase in its price. To put it simply, that’s like adding $1000 to its value each day.
Currently, these inflows surpass the newly created BTC by 10-12 times. Van der Chijs highlights that individuals are strategically selling their BTC at higher prices to fulfill ETF orders. This not only drives prices higher but also triggers FOMO (Fear of Missing Out) among ETF investors.
A Golden Opportunity!
Recognizing a market inefficiency, Van der Chijs sees an opportunity for traders during the settlement period before the US market opens. This period, he believes, presents a chance to capitalize on the surge in prices.
Read more: Robert Kiyosaki: Embrace Bitcoin Before the Massive Gold Crash, Banks Will Suffer!
Crucial Factors for Bitcoin’s Surge
Keeping a close eye on the charts, Van der Chijs identifies two crucial factors that could contribute to a significant surge in Bitcoin’s value.
Firstly, the upcoming halving of BTC mining rewards in mid-April will reduce the daily production of new coins from 900 to 450, intensifying the supply shock. Secondly, financial advisors will gain the ability to sell a new ETF after 90 days of trading by early May, potentially leading to more people wanting to buy Bitcoin.
Predicting a New All-Time High
Despite acknowledging the market’s uncharted territory, Van der Chijs believes Bitcoin might go up by $1000 every day in the coming weeks. Looking ahead to the upcoming Bitcoin halving and the introduction of a new ETF, he anticipates this surge could intensify.
As a result, he predicts the possibility of a new all-time high, potentially surpassing $69,000 before the halving. And there’s a chance that Bitcoin could hit $100,000 in the next 2-3 months unless something unexpected happens.
Did You Know? Bitcoin Price Hits New All-Time-High In THIS Country
Meanwhile, Marc van der Chijs’ straightforward analysis provides a clearer outlook for Bitcoin’s future, capturing the attention of both new and seasoned investors.
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