{"id":541067,"date":"2023-07-04T16:00:26","date_gmt":"2023-07-04T16:00:26","guid":{"rendered":"https:\/\/wncen.com\/?p=541067"},"modified":"2024-06-11T08:06:25","modified_gmt":"2024-06-11T08:06:25","slug":"bitcoin-could-soar-in-next-bull-cycle-predicts-crypto","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-could-soar-in-next-bull-cycle-predicts-crypto\/","title":{"rendered":"Bitcoin Could Soar To $140,000 In Next Bull Cycle, Crypto Analysis Channel"},"content":{"rendered":"

Renowned crypto analysis channel BitBoy Crypto recently presented<\/a> a bullish forecast for Bitcoin, projecting a potential surge to $140,000. The leading cryptocurrency, currently enjoying a strong position in the market, could be poised for a significant climb, according to AJ, an analyst from BitBoy Crypto.<\/span><\/p>\n

This forecast comes at a time when Bitcoin continues to captivate institutional investors and attract large funds interested in capitalizing on its sustained growth.<\/span><\/p>\n

Bold Bitcoin Prediction Amid Growing Institutional Interest<\/span><\/h2>\n

AJ’s latest analysis for Bitcoin points to a potential climb to $140,000 in the next bullish cycle. This prediction, particularly ambitious in its scope, follows BlackRock’s recent filing for a Bitcoin Exchange Traded Fund (ETF).<\/span><\/p>\n

Related Reading: Analyst\u2019s Forecast: Bitcoin (BTC) To Hit $310,000 If This Happens<\/a><\/div>\n

This move sparked a chain reaction with several other large funds submitting their own filings, further underscoring Bitcoin’s burgeoning influence in the crypto landscape.<\/span><\/p>\n

Additionally, AJ forecasted that Bitcoin is set to consolidate its share of the crypto market<\/a> in the coming years. This notion stems from two key factors: Bitcoin’s distinct position as a non-security digital asset, unlike various altcoins, along with its pioneering status in the market that has garnered institutional investor attention.<\/span><\/p>\n

According to AJ, Bitcoin’s dominance in the crypto market will not wane in the foreseeable future. He, however, did not dismiss the potential for Ethereum (ETH)<\/a> to possibly surpass Bitcoin in terms of market capitalization in the long term. However, from a tokenomics perspective, Bitcoin stands out significantly from most altcoins. <\/span><\/p>\n

Currently, 92% of Bitcoin’s maximum supply is in circulation, contrasting sharply with several crypto projects, where only approximately 50% of their max supply ranging from 500 million to 1 trillion tokens is in circulation.<\/span><\/p>\n

BTC Climb And Market Cap Increase<\/span><\/h2>\n

Wrapping up his speculation, the BitBoy Crypto analyst surmised that Bitcoin’s value could increase to somewhere between $100,000 and $140,000 in the next bull market. Moreover, he projected that Bitcoin’s market capitalization would reach at least $2 trillion, provided his bullish thesis holds true.<\/span><\/p>\n

This BTC prediction is just one out of the many Bitcoin predictions reported in the past weeks. Last week, renowned analyst Willy Woo sets forth a prediction<\/a> suggesting Bitcoin could potentially scale up to a price of $310,000 under a specific set of circumstances. These conditions included institution players allocating 5% of their Assets Under Management (AUM) into BTC. <\/span><\/p>\n

Related Reading: Nansen Forecast For Bitcoin Bull Run: Regulatory Clarity And Lower Inflation<\/a><\/div>\n

Weeks prior, another crypto analyst Credible Crypto predicted that Bitcoin<\/a> could reclaim its previous peak of $69,000 based on\u00a0the assumption of a continuing \u201cparabolic advance\u201d<\/span><\/p>\n

Regardless, BTC currently trades above $31,000 at the time of writing. The asset is up 1.4% in the past 24 hours and has a daily volume of $16.5 billion over the same period.<\/p>\n

\"Bitcoin
Bitcoin (BTC)\u2019s price moving sideways on the 4-hour chart. Source: BTC\/USD on TradingView.com<\/a><\/figcaption><\/figure>\n

Featured image from Shutterstock, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"

Renowned crypto analysis channel BitBoy Crypto recently presented a bullish forecast for Bitcoin, projecting a potential surge to $140,000. The leading cryptocurrency, currently enjoying a strong position in the market, could be poised for a significant climb, according to AJ, an analyst from BitBoy Crypto. This forecast comes at a time when Bitcoin continues to captivate institutional investors and attract large funds interested in capitalizing on its sustained growth. Bold Bitcoin Prediction Amid Growing Institutional Interest AJ’s latest analysis for Bitcoin points to a potential climb to $140,000 in the next bullish cycle. This prediction, particularly ambitious in its scope, follows BlackRock’s recent filing for a Bitcoin Exchange Traded Fund (ETF). Related Reading: Analyst\u2019s Forecast: Bitcoin (BTC) To Hit $310,000 If This Happens This move sparked a chain reaction with several other large funds submitting their own filings, further underscoring Bitcoin’s burgeoning influence in the crypto landscape. Additionally, AJ forecasted that Bitcoin is set to consolidate its share of the crypto market in the coming years. This notion stems from two key factors: Bitcoin’s distinct position as a non-security digital asset, unlike various altcoins, along with its pioneering status in the market that has garnered institutional investor attention. According to AJ, Bitcoin’s dominance in the crypto market will not wane in the foreseeable future. He, however, did not dismiss the potential for Ethereum (ETH) to possibly surpass Bitcoin in terms of market capitalization in the long term. However, from a tokenomics perspective, Bitcoin stands out significantly from most altcoins. Currently, 92% of Bitcoin’s maximum supply is in circulation, contrasting sharply with several crypto projects, where only approximately 50% of their max supply ranging from 500 million to 1 trillion tokens is in circulation. BTC Climb And Market Cap Increase Wrapping up his speculation, the BitBoy Crypto analyst surmised that Bitcoin’s value could increase to somewhere between $100,000 and $140,000 in the next bull market. Moreover, he projected that Bitcoin’s market capitalization would reach at least $2 trillion, provided his bullish thesis holds true. This BTC prediction is just one out of the many Bitcoin predictions reported in the past weeks. Last week, renowned analyst Willy Woo sets forth a prediction suggesting Bitcoin could potentially scale up to a price of $310,000 under a specific set of circumstances. These conditions included institution players allocating 5% of their Assets Under Management (AUM) into BTC. Related Reading: Nansen Forecast For Bitcoin Bull Run: Regulatory Clarity And Lower Inflation Weeks prior, another crypto analyst Credible Crypto predicted that Bitcoin could reclaim its previous peak of $69,000 based on\u00a0the assumption of a continuing \u201cparabolic advance\u201d Regardless, BTC currently trades above $31,000 at the time of writing. The asset is up 1.4% in the past 24 hours and has a daily volume of $16.5 billion over the same period. Featured image from Shutterstock, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":517328,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,1144,6664,8323,1946],"class_list":["post-541067","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusd","tag-crypto","tag-eth","tag-ethereum"],"acf":[],"yoast_head":"\nBitcoin Could Soar To $140,000 In Next Bull Cycle, Predicts Crypto Analysis Channel<\/title>\n<meta name=\"description\" content=\"Renowned crypto analysis channel BitBoy Crypto recently presented a bullish forecast for Bitcoin, projecting a potential surge to $140,000...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/wncen.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Could Soar To $140,000 In Next Bull Cycle, Crypto Analysis Channel","url":"http:\/\/wncen.com\/news\/bitcoin-could-soar-in-next-bull-cycle-predicts-crypto\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-could-soar-in-next-bull-cycle-predicts-crypto\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/Bitcoin-1.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/Bitcoin-1.jpg?fit=350%2C250"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btcusd","crypto","eth","ethereum"],"dateCreated":"2023-07-04T16:00:26Z","datePublished":"2023-07-04T16:00:26Z","dateModified":"2024-06-11T08:06:25Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Could Soar To $140,000 In Next Bull Cycle, Crypto Analysis Channel\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-could-soar-in-next-bull-cycle-predicts-crypto\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-could-soar-in-next-bull-cycle-predicts-crypto\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/Bitcoin-1.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/Bitcoin-1.jpg?fit=350%2C250\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"crypto\",\"eth\",\"ethereum\"],\"dateCreated\":\"2023-07-04T16:00:26Z\",\"datePublished\":\"2023-07-04T16:00:26Z\",\"dateModified\":\"2024-06-11T08:06:25Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/Bitcoin-1.jpg?fit=350%2C250","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/541067"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=541067"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/541067\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/517328"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=541067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=541067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=541067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}