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Showing posts with the label demand and supply

Here’s Where Bitcoin and Solana Will Peak in Current Market Cycle, According to InvestAnswers

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A closely followed crypto analyst is predicting where the price of Bitcoin (BTC) and Solana (SOL) will peak during the current market cycle. In a new video update, the host of InvestAnswers tells his 552,000 YouTube subscribers that he’s expecting the top crypto asset by market cap to soar by at least 43% from current levels before the bull market expires. “I’ve upped my Bitcoin price target to $136,000 from $120,000 with a super bull target of $154,000… Bitcoin is a peculiar animal – it’s all based on demand and supply. If the demand continues as it does, yes, these targets are very easily achievable, which is hard to believe. If you [were to] ask me this in 2023, I’d say ‘Whoa that’s bullish.’ Also, I do believe the spot ETFs (exchange-traded funds) will continue to add at least another $48 billion in 2025. That’s how much they added in 2024.” According to the analyst, the crypto king should peak some...