$BTC Bitcoin is still trending above $100,000 despite the market crash triggered by the Israel-Iran war, but it has yet to dissuade investors from expecting higher prices. One of those who has called for higher prices is crypto market expert Ansem, who has called for higher Bitcoin prices. He lists out some major developments that could spur an increase in the price of the cryptocurrency, suggesting a possible 500% increase from here.
The $600,000 Bitcoin Target
In an analysis, crypto analyst Ansem, also known as blknoiz, gave reasons why he believes that the Bitcoin price could be headed. The first reason given for this is the fact that the likes of Michael Saylor’s Strategy continue to accumulate Bitcoin in large quantities. It is not the only company buying the asset, with others such as GameStop also joining the buying spree. This is expected to keep pushing the price of Bitcoin upwards as these companies are more likely to hold for a long ti$BTC me.
