Bitcoin - Buy now, Still not too late!!
Bitcoin, most valuable Crypto currency of Crypto verse, is trading at 58% of its previous highest price in Nov- Dec of 2021. We witnessed it on $69K but the trends, symptoms and signs of Market and development around giving clear indication that Bitcoin will rise beyond the all expectations. My personal expected figure is $100K+ to get by April 2024. So it is best time to buy now , although current surge in price from $19K to $35K is very normal route of market.
Why I am calling the situation still a dip and what logics I am observing for it on base of today's current price of Bitcoin and the history of each halving since 2012.
👉Bitcoin has fixed supply of 21M and whenever demand goes higher the price also goes high. That is simple economics. The institutional adoption is going to effect soon as the applications of BlackRock, Fidelity, WisdomTree and Invesco are pending in SEC to allow them for adoption of Bitcoin as legal payment method.
👉 Financial committee passed a bill to give authorisation in term of self custody of Crypto.
👉The halving season for Bitcoin is just 6 months away which is expected on end of first quarter in next year. What track record and history shows us that the heavy or bulk buying on halving gives trigger to price and as expected Bitcoin can surpass $100K or more. Why? Each halving reduces the mining rewards which cut down the supply or reduce it which is definitely bullet point in index of price.
How people predicting about it , look at
And other charts shows more vibrant graphic,
Chart from tradeview.
👉 Bitcoin Ordinals are in market and first one listed on Binance with Bang explore. Gets huge attraction within first 24 Hours with 68 millions buying turnover.
👉 Bitcoin ETFs are on table of SEC and expected approval is just before Christmas on annual board's meaning which will boost demands further.
👉 Inflation around, profit margin and interest rates are converting the flow of investment which increasing the signals of bull run chances as experts also saying on different forms.
👉 Cathie Wood , a famous crypto iron lady , looking all this situation with different prospects and limitations. Listen her voice here,
The candles are green for a bull run and the opportunity to buy Bitcoin under $36K is still in hands which may not comes back after November. A strong wave of rise is visible which can turn you a next millionaire with luxurious lifestyle. That's what Bitcoin will be for modern generation.
Note: Purley my own analysis, it is not financial advice, do your own research before any investment because Crypto can be risky.
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