The investment world is largely influenced by the readings and forecasts made by specialists, and so are cryptocurrencies. The latest major industry prediction fell on Bitcoin, digital currency that was addressed by Mike Alfred on Scott Melker's podcast, host of The Wolf of All Streets. The prediction was that BTC will break a new barrier, climb to $180.000.
La The figure looks astronomical, because it is. The $180.000 that Alfred predicts for the leading token is still far from its all-time high of $109.026,02, but the reality is that in the crypto market, practically anything is possible, which doesn't mean you shouldn't critically analyze the prediction: Is it a serious forecast, or is it just an attempt to force the market?
Alfred's bold forecast has energized the industry, as every expert's word carries weight in the market and the power to alter the dynamics for better or worse.
Vaivén is not a bubble
The prediction of Alfred, a well-known figure in the crypto sector, caused a huge stir, because together with Merkel, he agreed that BTC is going through a key period for its development and the correction of its price.
In detail, Melker believes that despite the decline that this digital asset has had in recent days and that worries some investors and fans, the token “is not in a bubble”, so he notes that there is still room for further growth.
In the cryptocurrency industry, The bubbles are especially worrying, since they anticipate a sharp drop in the price after recording sharp increases, that is, they have no real basis.
However, Merkel assures that Several indicators show that Bitcoin is not at overvalued levels.He cited the MVRV indicators, which compares the market value of BTC with its realized value, and the Stock-to-Flow model, which measures the scarcity of Bitcoin, as examples, noting that the data from both benchmarks is not worrisome.
Another element that Merkel took into consideration to rule out that the rise of BTC is a bubble, is that el BTC price has not changed noticeably, despite the market-friendly measures taken by the Donald Trump administration.
It must be remembered that once Trump took power last January, actions with a positive impact on the industry, such as the creation of a presidential body dedicated to digital assets that will study include tokens in the national reserve.
In addition to the above, the US Senate approved the formation of a team to urgently discuss the formation of a strategic bitcoin reserve.
GO TO BIT2ME CARDCrypto Market Outlook
With the first quarter of the year about to end, analysts are already beginning to air their outlook. Both Alfred and Melker believe that The next few months will be crucial not only for Bitcoin, but for the entire cryptocurrency market.
Currently, BTC remains trading around $86.000, below its all-time high, which coincided with Trump's rise to power, but analysts say that is within the consolidation range which he has maintained for months.
Merkel closes by saying that regardless of the ups and downs of BTC, The long-term trend is crystal clear: “We are going much higher.”
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Not in vain, various analysts predict that Long-term BTC will reach levels of up to $175.000 this year, but they clarify that to do so it must once again overcome the resistance of $100.000.
Investing in cryptoassets is not fully regulated, may not be suitable for retail investors due to high volatility and there is a risk of losing all invested amounts.
