The moment capital inflows and institutional euphoria find their way back up, BTC could go as high as US$135,000 sooner than anyone else is currently anticipating. CryptoQuant's CEO remains optimistic despite short-term corrections.
Bitcoin Bull Run: $135,000 Price Target in Sight
Bitcoin currently rises with an astounding manner supported by significant capitalization injections as well as the increasing interest from established investors. Above all, it is increased by the opacity of the global economy and thus, more investors are after assets as a means of inflation protection.
The CEO of CryptoQuant, Ki Young Ju, responded to the situation, confidently saying, “We are in a bull market. Bitcoin’s upward momentum is set to continue.”
Institutional Interest Drives the Rally
In the current environment of market uncertainty, both institutional and state actors are eyeing Bitcoin. This kind of pattern also makes btc attractive as digital gold and an investment with long-term potential. According to Ki Young Ju, current upward trend is largely driven by capital inflow.
Its ceiling is set at $135,000, based on system capital committed in Bitcoin market," Ju noted.
Correction or Trend Reversal? Analyst Remains Optimistic
It wasn't exactly a bearish market forecast of a bear market, but a nayanker normal correction in the midst of a global bull market. This perspective bolsters confidence in Bitcoin despite occasional fluctuations.
Conclusion: Sooner Than Expected?
According to the current trend, it is high probability that the price of Bitcoin will be $135,000. It is a natural consequence that the short term will be short term volatility no matter what but conceptually from a long term perspective the long term is bull. Nevertheless, caution is still needed by investors and by people as Bitcoin volatility can be Janus with two faces.
 Sees Bitcoin Bull Run in Full Swing ↑){kind=link}