Is another major rally on the horizon? Bitcoin
Van Lagen's analysis of Bitcoin's trajectory anticipates what he terms a"blowoff top", a strong surge in price.The bullish analysis aligns with recent predictions from banking giant JPMorgan. The firm's strategists, led by Nikolaos Panigirtzoglou, forecast a potential Bitcoin value of $45,000.
The assumption is that Bitcoin could achieve parity with gold in terms of volume in private investors' portfolios, adjusted for risk capital. At present, the Bitcoin price stands at $26,783 according to CoinGecko, having fallen over 60% from its all-time high of $69,044.77 in November 2021.
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