The post When Will Bitcoin Price Hit $1Million- Analyst Predicts Timline appeared first on Coinpedia Fintech News
Crypto analyst No BS Crypto discussed the potential for Bitcoin to hit $1 million in the next two years. The analyst highlighted the bullish sentiment surrounding Bitcoin, with some major players in the cryptocurrency space and ETF issuers expressing positive views.
The current market scenario is akin to a rollercoaster ride. Bitcoin, the flagship cryptocurrency, is hovering just below the $43,000 mark. Recent fluctuations brought it below $42,000, triggered by long liquidations totaling $17.5 million.
However, the big players, notably BlackRock, seized the opportunity to buy the dip, accumulating a substantial amount of Bitcoin. This trend, coupled with ETF issuers acquiring 23,000 Bitcoins, hints at a potential supply crunch that could drive prices upward due to increased demand.
Industry leaders are making bold predictions, injecting excitement into the crypto spher
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