Bitcoin rally in progress, say many reputed crypto analysts.
Seasoned analysts expect to see a new BTC ATH soon.
Bitcoin could go on to become the largest asset in the world.
The pioneer crypto asset, Bitcoin (BTC) closes the week above the $100,000 price mark, and continues to maintain its 6-digit prices. Presently, the price of Bitcoin is trying to break over the $103,000 and $104,000 price range and go on to reclaim its previous ATH price at the $109,000 price range. With a Bitcoin rally in progress, reputed analysts are eagerly awaiting to see the price of BTC hit a new ATH target.
Bitcoin Rally in Progress
The price of Bitcoin recently experienced a pump back to 6-digit prices starting with reclaiming the $100,000 price mark and then pumping up to hit slightly higher targets between $103,000 and $104,000 just as many analysts expected. Now several reputed analysts are coming together to predict how high BTC price will pump to in the coming days ahead, with many leaning towards seeing new BTC ATH prices.
https://twitter.com/DrProfitCrypto/status/1921526335593238967
For instance, one reputed and seasoned crypto analyst, Doctor Profit, known for his many accurate silver-tongued predictions so far, says that BTC is on the way to hitting a new ATH price. Specifically, this analyst is known for sharing long and detailed Sunday reports, and for today, the analyst states that all traders and investors need to know about BTC in this Sunday report is that BTC will price a new ATH soon.
https://twitter.com/Washigorira/status/1921552867191664995
Similarly, another reputed crypto analyst states that with a Bitcoin rally in progress, the price of Bitcoin will inevitably pump. In detail, as we can see from the post above, the price of BTC is continuing to closely mirror the Global M2 expansion. Like many analysts have mentioned before, BTC price tends to follow M2 pump action, just slightly delayed. Thus, this analyst concludes that liquidity is driving markets and Bitcoin is listening, meaning another bull pump is on its way for Bitcoin (BTC).
Bitcoin Could be the Largest Asset One Day
Recently, Bitcoin (BTC) beat both Google and Amazon to take rank 5 in the largest assets in the world list. By knocking out Google and Amazon, Bitcoin is exhibiting its bullish prowess and its long-term value. The total market cap has exceeded $2 trillion and analysts expect Bitcoin to one day overtake the remaining 4 assets that are currently ranked above Bitcoin (BTC). One Bitcoin enthusiast puts this possibility into perspective.
https://twitter.com/corybates1895/status/1921322757150617733
As we can see from the post above, this Bitcoin enthusiast takes a moment to match what the price of Bitcoin could look like in order to flip the current total market cap of the remaining assets that are currently larger than the total market cap of Bitcoin (BTC). When Bitcoin hit $101,000, it beat Google, and at $103,000, it beat Amazon. The post then expects Bitcoin to flip Nvidia at $140,000, Apple at $150,000, Microsoft at $164,000, and $1.1 million to flip, the final current top asset, gold.
