Bitcoin New Targets Are Out: $70k And $100k – New Predictions About Supply Crunch

There are all kinds of price predicitons for the most important digital asset out there. Check out the latest reports about the supply crunch as well below.

At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $24,759.

It’s been just revealed the fact that in a new live stream discussion with CTO Larsson, the pseudonymous host of InvestAnswers known as James says Bitcoin is easily on its way to above the $40,000 levels.

“If we get to $42,000, considering how fast we got to $25,000, getting to $30,000 is now in the bag, you could say. I don’t want to sound overly bullish, but you showed it on the chart – I call it the airgap – there’s nothing there. There are no cell walls when you shoot up to that level. So we’ll get up to $30,000 really quickly.”

The same analyst reported the following fact:

“And what that will do, and I’ve seen this happen – I think I spoke about it, too, recently – I’ve got friends who have been listening to me for 5-6 years, and a ton of them started buying Bitcoin in November and December. And they’ve never bought crypto or Bitcoin before in their very lives. And some people are allocating Bitcoin.”

He continued and said this: “And then you have the legacy veterans who have been in the market a long time who are kind of out of the market, they aren’t buying, they’re waiting for that very very low bottom.”

He explained the fact that if we do shoot to, say, $30,000, “that’s going to drive the next generation of FOMO (fear of missing out) followers into the space and buyers who didn’t buy during the big dip we had between June and November. So I think it could be a crazy time.”

The same analyst also made sure to address some of his more optimistic price targets for Bitcoin leading into the next halving, slated for March of 2024. These are $70k and $100k.