Bitcoin is on the rise again, and experts believe it could soon reach a new all-time high. Bitcoin’s price has jumped past $88k and is getting closer to $90k. There are many investors who are excited in the hope that the price will continue rising.
The price trend of Bitcoin remains strong, and it will most likely continue to go up, says crypto analyst Michael van de Poppe. Bitcoin could be priced up to $90,000 relatively quickly, he thinks. According to another analyst, Rekt Capital, Bitcoin’s current pattern is similar to that of 2021, when it reached an all time high in November. History could be repeating and Bitcoin is once again setting its sights on breaking past its previous highs.
Even more optimistic are other experts. The prediction of spikes and valleys in the market is by crypto trader Javon Marks who predicts that Bitcoin could go as high as $116,652. During their period, market expert Ali Martinez highlighted that large investors known as the “whales” are buying more Bitcoin. As it turns out, 48 new wallets now have over 100 BTC each on the table, which certainly indicates strong confidence in the market.
There is a chance for Bitcoin’s future to dim despite the ups and downs of the crypto world. Meanwhile, BlackRock and 21Shares are among investment firms which have launched Bitcoin products across Europe to make it easier for more people to invest in the digital currency. Based on this situation, it can be estimated that if demand for Bitcoin continues to increase, its price may soar further.
All eyes are currently on Bitcoin as it gets close to $90k. Will it go on to mark a new all-time high? Experts already believe it’s only a matter of time.
Also read: XRP Price Chart Signals Wave 4 Correction – Could $4 ATH Be Reached by April?
