A popular cryptocurrency analyst predicts that we are in a period of accelerating “adoption games” and that Bitcoin (BTC) will see an improvement in the coming months. cryptocoin.com According to information we have received, a popular crypto analyst is optimistic that Bitcoin (BTC) will recover in a few weeks after months of bearish price action.
Analyst optimistic about Bitcoin (BTC)
InvestAnswers, a financial education YouTube channel, states in a new video that it expects the price of Bitcoin (BTC) to rise, possibly as high as $50,000 in April. Here’s what the analyst says on the subject:
April is historically a buffer whether it’s a bear or bull market or not… I think the key level is if we can get above $45,000, $45,000 to $50,000 is nothing but fresh air, so even overnight we can easily collect the $5,000 candle to that thing. . But we’ve hit 45k three times now and it’s like a piece of unbreakable glass, but if we do a good job, it could even be this weekend.
Adoption rate for BTC soars in the background
According to the analyst, Bitcoin’s adoption rate is heating up behind the scenes, even if the price is not at the desired levels. The cryptocurrency analyst predicts that adoption in the coming weeks will force BTC to emerge, potentially triggered by the waning of war in Eastern Europe that began with the Russian invasion of Ukraine. The analyst says:
I think the world is waking up. I used to call it a money-flow game, but now it’s an adoption game. If you look at all the data on the chain, everyone is gnawing at it and eating as much Bitcoin (BTC) as they can and one day it will become a safe flight, but that day might be here slowly, so it’s very likely to reach $50,000, even if we get a historical April, it’s probably April’ it can also be much higher… Initiating peace is a macro issue. It depends on whether there is an escalation in Ukraine or we solve this problem… If there is peace, we will rise above $50,000 in April.
At the time of writing, Bitcoin was trading at $41,236.01.
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