Bitcoin is red-hot—and could see $100,000 this year after its April halving event.
Last checked, the cryptocurrency was up another $1,514 to $70,963. From here, it could easily see $75,000. All thanks to big demand for Bitcoin ETFs, and a nearing BTC halving.
For one, “The approval of Bitcoin ETFs is bringing new capital into the market with constant buying orders every day which increases the demand for Bitcoin significantly,” reported Forbes.com, referring the U.S. Securities and Exchange Commission’s recent decision to “green light” several applications for spot-based bitcoin ETFs.
Two, as noted by DailyHodl.com, “Historical data suggests that Bitcoin’s price action tends to go through five stages based on its halving, an event when the issuance of new BTC to miners is cut in half. With the next halving slated for April, Rekt Capital believes that Bitcoin is now transitioning from its pre-halving retrace to its pre-halving rally.”
Not only is that news driving BTC higher, it’s sending Bitcoin miners and stocks in companies with massive BTC holdings sky-high. The best part – all could see higher highs.
Company: Marathon Digital (MARA) Look at Marathon Digital (MARA), for example. After finding strong support around $18, it just bounced to $23.38, and could test $30 shortly. All thanks to the BTC boom. |
Expert Reveals #1 Opportunity For Crypto Bull Run
With crypto prices surging, and the Bitcoin halving on the way, I believe gains are just beginning. It’s not too late to find the crypto that could make you a fortune!
Right now, this crypto is trading at a MASSIVE discount.
Get all the details in a Special Report the Crypto 101 team has recently put together.
From their research, this is (by far) the best crypto opportunity right now.
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Company: Riot Platforms (RIOT) Or, look at Riot Platforms (RIOT). The mining stock found support at around $11, and just hit $12.51. It could test $17 next. |
Company: MicroStrategy (MSTR) MicroStrategy (MSTR) – which now holds 214,246 BTC – just bounced from about $450 to a recent high of $1,720.55. From here, it could test $2,000, we believe. |