The cryptocurrency market is preparing for a bullish breakout, as analysts from companies like Fundstrat, BlackRock, Ark Invest, and Standard Chartered have raised their forecasts for Bitcoin.
Arthur Hayes, the founder of the BitMEX platform, predicts that Bitcoin could reach one million dollars, while Ark Invest believes it could rise to 2.4 million dollars by 2030. BlackRock anticipates a price of 700,000 dollars, and Standard Chartered expects Bitcoin to reach 200,000 dollars within this year.
Additionally, the platform crypto.news has published several bullish forecasts for Bitcoin, pointing to technical formations such as the "cup and handle" pattern, the "bull flag," and the "shovel pattern." Concerns are also growing about the imbalance between supply and demand, with increasing ETF fund flows and declining cryptocurrency balances on trading platforms.
Best cryptocurrencies to buy now
The rise in Bitcoin's price is likely to drive other cryptocurrencies up, due to the strong correlation between them. Among the best cryptocurrencies recommended for purchase right now are those backed by strong fundamentals, such as anticipated approvals for ETF funds and the expansion of their ecosystems. These include:
Solana (Solana)
Quant (Quant)
Ripple (XRP)
Hedera Hashgraph (Hedera Hashgraph)
