Crypto Blog
Speculation is mounting that BTC could be gearing up for another upward leg soon, potentially pushing past $80,000 by the end of the month.
With whales relentlessly accumulating BTC and retail investors maintaining buying pressure, Bitcoin seems poised to crack the psychological barrier of $80,000.Beyond Bitcoin’s strong fundamentals and the upcoming supply reduction from the halving, several other developments could accelerate BTC’s momentum.
Such a massive accumulation from a mainstream, publicly traded company would inevitably put upward price pressure on the coin., Saylor doubled down on his “Bitcoin will eat gold” narrative, claiming that the coin’s superior properties will see it siphon massive amounts of capital from the precious metal throughout 2024.
Ultimately, with so many forces converging at the same time, a run at the $80,000 level in March doesn’t seem so farfetched.With broader catalysts setting the stage for Bitcoin to potentially explode higher, another event that could add fuel to the fire is the upcoming exchange launch of Bitcoin Minetrix’s native BTCMTX token.
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