- Bitcoin breaks the $48,000 resistance mark and is moving towards $50,000.
- Crypto trader and analyst Lark Davis says Bitcoin could hit $200,000 in a few months.
- He also commends Bitcoin for the opportunity it’s bringing to El Salvador.
As the price of Bitcoin soars back up and breaks beyond its $48,000 resistance point, the crypto community rejoices. At the time of writing, Bitcoin has surpassed the $49,000 mark and is racing towards $50,000 and beyond.
Many analysts over the past quarter have been preaching about Bitcoin hitting $100,000 by the end of 2021. In fact, many are certain that this is inevitable. Thus, seasoned analysts and crypto traders are not surprised by Bitcoin’s latest rally.
In particular, one Bitcoin investor and analyst — Lark Davis, believes that with the new resistance breakthrough $100,000 isn’t even close to the next ATH. According to one of his tweets, Lark says that the next big ATH will be between $180,000 to $200,000.
To elaborate, he says this ATH will arrive either at the end of Q4 2021 or at the beginning of Q1 2022. In addition, he says that when Bitcoin does hit this mark, altcoin gains will be greater than anyone can imagine.
Just before he tweeted this, Lark also commends the great changes that Bitcoin will bring in another tweet. Specifically, he draws to light the amazing opportunity that Bitcoin is bringing to the people of El Salvador.
Since El Salvador has made Bitcoin a legal tender, it seems about 50% of its people now own a Bitcoin wallet. This is remarkable as only 30% of its citizens have a bank account. Indeed Bitcoin has given the common people easier access to financial support.
More importantly, Bitcoin gave them this opportunity in a mere month. In comparison, Lark says, the banking system failed to deliver over the past 100 years. Lastly, as more and more countries consider adopting Bitcoin, it will truly be an incredible sight to see what happens when Bitcoin hits its next ATH.
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