Analyst Unveils New All-Time High Price Target for Bitcoin This Month, Says New Bubble Brewing in Crypto
An analyst who accurately called the November 2021 crypto bull cycle top is predicting fresh record highs for Bitcoin (BTC) this month.
Pseudonymous analyst Pentoshi tells his 866,100 followers on the social media platform X that Bitcoin’s weekly chart shows that BTC demand is significantly outpacing supply, resulting to higher prices.
The trader says he seeing “insatiable” demand for Bitcoin from firms in the traditional finance (TradFi) world, leading him to believe that bullish continuation is on the table for BTC.
“Demand > supply
A picture is worth 1,000 words
Feel like we see around $120,000 this month.”
The analyst also tells his followers to remain patient and have a long-term outlook on…
