- Bitcoin demand grows, only 0.26% of the world population can own 1 BTC.
- Top crypto analyst debate over the new ATHs of the coming crypto bull cycle.
- Will Bitcoin surpass $80,000 to hit $111,000 or will it hit $220,000?
Bitcoin (BTC) has once again claimed the $60,000 price range as the Crypto Fear and Greed Index is up to level 31 on the scale moving from an extreme fear to a fear market sentiment. This bodes well for the future of the crypto market.
Only 0.26% of the World Population Can Own 1 BTC
The demand for Bitcoin (BTC) continues to improve and adoption for the pioneer crypto asset has skyrocketed. With only 21 million BTC to ever exist the demand for BTC is higher than ever. So far, the world is growing aware that only 0.26% of the world population can own 1 Bitcoin.
Top reputed financial institutions have already begun to integrate Bitcoin (BTC) into their financial services and products. At present time, the crypto market is in the middle of a crypto bull cycle. Specifically, the cycle is heading towards its final leg of a bullish super cycle where many analysts expect to see a new all-time high (ATH) for Bitcoin (BTC).
BTC Price to $111,000 or $220,000?
Analysts are closely watching the crypto charts and Bitcoin (BTC) happens to be signalling bullish signs for epic new highs. According to one analyst, as we can see above, Bitcoin could hit a new ATH of $111,000 this crypto bull cycle.
Similarly, Doctor Profit, known for his accurate crypto market predictions, expects Bitcoin to surpass $80,000 in the coming months. Moreover, he expects Bitcoin to set new higher ATHs that will likely surpass the $80,000 price range. In particular, he expects Bitcoin (BTC) to make a bullish high of $220,000 this crypto bull cycle.
In his latest message, Doctor Profit says a parabolic move is coming for Bitcoin (BTC) and this parabolic price action will only commence after the US 2024 elections which will take place in November 2024. Until then, the analyst advices traders and investors to accumulate and hold strong amid any unexpected market movements.
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