Bitcoin Maxi Max Keizer predicts Bitcoin price will reach $50,000 as GBTC selling pressure slows. Keizer claims that Wall Street players are restricting BTC’s rise by blocking ETF purchases. Legendary analyst John Bollinger also expressed his optimism about BTC.
Max Keizer: Bitcoin is going to $50k, but they are blocking it!
Famous Bitcoin maximalist Max Keizer predicts that Bitcoin price will reach $50,000 as market sentiment changes. Thus, fueling optimism among the crypto community. Keizer states that the selling pressure on the Grayscale Bitcoin fund has eased. This shift in sentiment came after days of sustained selling as investors exited the fund for cheaper, newly launched ETFs.
In addition to the GBTC sell-off, Keizer finds other reasons for the disappointing BTC performance. Keizer blames Wall Street traders for this. Bitcoin maximalist claims some Wall Street players are blocking BTC ETF purchases. With the selling pressure and Wall Street hurdles gone, Keizer is asking the crypto community to move toward a $50,000 price target. If BTC hits this, it would be the highest peak for the leading crypto since November 2021.
John Bollinger showed optimism regarding BTC price
Legendary analyst John Bollinger, known for creating the widely used Bollinger Bands indicator, excited the cryptocurrency community by making a significant prediction regarding the price of Bitcoin. cryptokoin.comAs you follow from , BTC has lost ground since the SEC gave spot Bitcoin ETF approvals. Bollinger predicts that the “news selling” trend that has gripped the market is over.
Bollinger’s comment comes at a key juncture for Bitcoin as the cryptocurrency market grapples with uncertainty in the wake of regulatory crackdowns and market volatility. The phrase “selling the news” refers to a common trading strategy in which investors sell their positions after a significant news event, expecting a subsequent price decline. Bollinger’s words imply that this strategy will not be as effective in the current BTC market environment. In this context, Bollinger shared the following:
Okay, so it looks like we might be done with this “selling the news” nonsense?
In his article, Bollinger does not give a detailed analysis or specific reasons behind this prediction. However, his reputation as a seasoned analyst lends weight to his statement. Meanwhile, Bollinger’s optimistic sentiment contrasts with the prevailing skepticism among some investors and analysts. Specifically, Bollinger’s post shows that he sees the short-term noise. It also means he maintains confidence in Bitcoin’s long-term prospects. Likewise, it gives a clue as to the next step to follow in Bitcoin’s price journey. It also underlines the importance of caution and strategic analysis when navigating the cryptocurrency market.
To be informed about the latest developments, follow ustwitter‘in,Facebookin andInstagramFollow on andTelegramAndYouTubeJoin our channel!
Read more: Two Bitcoin Masters Are Optimistic: These Levels Are Not Far Anymore!