The bulls are trampling on the crypto markets again! A top analyst sees Bitcoin (BTC) exploding directly to 90,000 USD. Should you still buy BTC – could it be worth it? Or has the train left the station because new cryptocurrencies have a more attractive return potential? What should investors know now?
Bitcoin: Forecast sees price at 90k USD
Bitcoin price is over 66,000 dollars, the macroeconomic situation is also bullish: In the blink of an eye, the number 1 cryptocurrency was able to turn the bearish momentum into bullish – and is now facing equally bullish predictions!
In the medium term, an increase to six-figure prices already seems certain, as BTC guru “PlanB” suggests in a forecast. In the long term, a BTC price of 1 million dollars or more is even possible. On-chain analyst Willy Woo and Twitter founder Jack Dorsey are convinced of this.
Top investor Dan Tapiero also comments on the short-term development in a current Bitcoin forecast:
“It’s starting to look scary bullish for BITCOIN
Breakout of 65k goes straight to 90k… and then further…
Very clear sideways overlapping flag type consolidation nearly done. Markets always surprise.”
The “specific catalyst” for the price breakout is unclear, says the analyst – but it also plays no role. One thing is clear: things are continuing to rise.
This is also supported by the immense inflows through the Bitcoin ETFs – they are again above 12 billion dollars, as industry observer Alistair Milne shows his more than 134,000 followers on Twitter (now X). He expects a “wave 2” soon:
“Back over $12billion net inflows for the Bitcoin ETFs. GBTC had another net inflow day yesterday. Coinbase BTC supply hitting new lows, sellers exhausted. Ready for wave 2?”
What investors should consider in this regard: Numerous analysts are expecting an upcoming altcoin season. This means a phase in which it is not Bitcoin that gains enormously – but alternative cryptocurrencies such as Ripple’s XRP, Cardano (ADA), dogwifhat (WIF), Pepe Coin (PEPE) or FLOKI (FLOKI). The popular professional trader Michael van de Poppe, for example, explains:
“Given the wicks on the Altcoin market capitalization chart, it seems likely that the low is in or close. The markets have been suffering a strong correction, through which it seems likely that this won’t last from here and the reversal is on the horizon.”
