- Max Keiser predicts a groundbreaking $100,000 ‘God Candle’ surge in Bitcoin.
- Bitcoin enters a ‘strong bull zone,’ attracting new investors.
- Positive developments in spot Bitcoin ETF filings fuel anticipation of further resistance breaches.
As Bitcoin (BTC) continues to soar to new heights, prominent Bitcoin maximalist Max Keiser is stirring up anticipation, predicting a jaw-dropping price surge that he claims will “shock the world.” Despite the cryptocurrency currently basking in an 18-month high, Keiser remains bullish on its future trajectory, fueled by upcoming events and market dynamics.
Keiser, who serves as the senior Bitcoin advisor to El Salvador President Nayib Bukele, has coined the term ‘God Candle’ to describe an unprecedented candlestick pattern that signals an unexpected and substantial price rise. According to Keiser, this phenomenon could propel Bitcoin’s value by $100,000 in the current market cycle, catching the financial world off guard.
In his bold proclamation, Keiser stated, “A $100,000 God Candle is in play. A $100,000 uptick in Bitcoin price. This will literally shock the world.” This forecast echoes his previous predictions, such as the 2021 projection of BTC reaching $220,000 by year-end, which was based on hash rate adjustments.
While some analysts, like Dan Lim, acknowledge Bitcoin entering a “strong bull zone,” reminiscent of the early stages of the 2020-21 bull run, others emphasize the low share of BTC trading in losses. This suggests a resilient market that could attract new capital in the form of investments from newcomers, further fueling the ongoing rally.
Addressing the future outlook for BTC, industry experts at CoinGape previously speculated that the cryptocurrency’s price could reach as high as $48,257 if crucial support levels were sustained. The optimism surrounding Bitcoin is amplified by potential catalysts, particularly developments related to spot Bitcoin ETF applications.
One notable development is the recent amendment of ETF filings by BlackRock, a financial giant. This move has sparked expectations that other applicants will follow suit, potentially leading to a domino effect of positive developments in the coming days. As Bitcoin gears up for a potential spot ETF approval and the impending Bitcoin Halving event in Q2 2024, the stage is set for what Max Keiser envisions as a groundbreaking God Candle that could redefine the cryptocurrency landscape.
Disclaimer: Please note that the viewpoints and perspectives expressed by the author, as well as any individuals referenced in this article, are intended solely for informational purposes. They should not be construed as financial or investment advice. It’s important to acknowledge that investing in or trading cryptoassets carries inherent financial risks.