- While the BTC price is currently trading at a new high above 20 months, popular Bitcoin maximalist Max Keiser believes that this rally is far from over.
- Previously, Keiser made a cryptocurrency prediction based on hash rate adjustments, forecasting that BTC would reach $220,000 by the end of 2021.
- Positive developments around spot Bitcoin ETF applications could act as catalysts that might lead to further breakthroughs in resistance.
Bitcoin Maximalist Max Keiser says the rally in the Bitcoin price is not over and reveals the next target for Bitcoin.
Bold Predictions for Bitcoin from the Bitcoin Maxi
With the BTC price currently trading at a new high above 20 months, popular Bitcoin maximalist Max Keiser believes that this rally is far from over. The potential approval of a spot Bitcoin ETF in the near future and the likely Bitcoin halving event in the second quarter are fueling speculation about a bull market for the top cryptocurrency over the next six months.
Keiser, who serves as a high-level Bitcoin advisor to El Salvador President Nayib Bukele, believes there is currently a play with a ‘God Candle’ in motion, signaling a $100,000 increase in the BTC price. Keiser stated that the gameplay of the God Candle would shock the world. In the crypto world, the God Candle is often referred to as a candlestick pattern following an unexpected price increase, for example, gaining a 100% increase within a few weeks.
“A $100,000 God Candle is in play. A $100,000 increase in the Bitcoin price. This will literally shock the world.”
Previously, Keiser made a cryptocurrency prediction based on hash rate adjustments, forecasting that BTC would reach $220,000 by the end of 2021. Meanwhile, crypto analyst Dan Lim noted that BTC has reached a “strong bull region,” indicating the first stage of the 2020-21 bull market. This implies that new investors will start entering the crypto market in the current region as new capital sources join due to the initiation of positions.
The strong bull region also means that the risk of loss in BTC trading is very low, and the market is likely to continue similarly in a widespread rally.
Next Steps for BTC
Earlier, COINOTAG reported that the price could rise to $48,257. Positive developments around spot Bitcoin ETF applications could act as catalysts that might lead to further breakthroughs in resistance. Following the modification of Blackrock’s ETF applications, it is likely that other applicants will make changes in the coming days.
