Massive Bitcoin Price Target Is Released – How High Can BTC Go?

It’s been revealed that Ark Invest just released a massive BTC price target. At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $23,010.

Cathie Wood’s ARK Invest said recently as per the Daily Hodl that the price of Bitcoin (BTC) could exceed $1 million in the coming years amid a strengthening global value proposition.

In a recently published report, ARK Invest said that Bitcoin’s long-term opportunity is on the up and up.

Here’s what the Daily Hodl notes: “The report highlights that Bitcoin’s unique features could offer people a way out of centralized monetary systems “that have failed to provide strong economic assurances.”]”

According to the same notes, ARK Invest says that four billion people live under authoritarian regimes, with two billion people enduring double-digit inflation and one billion people relying on remittances.

As the monetary “revolution,” the firm says that BTC is censorship-resistant, inflation-resistant and seizure-resistant while also being audible and transparent.

The other day, we revealed that Bitcoin could see a massive trend shift.

It’s been just revealed that a popular crypto analyst followed crypto strategist is bullish on Bitcoin (BTC), saying that the king crypto could be gearing up to do the unthinkable.

In a new video, analyst Kevin Svenson said recently that Bitcoin could hit $30,000 much sooner than people expect.

According to the crypto trader, momentum is on the side of BTC bulls following the breakout from a large falling wedge formation. It’s important to note the fact that this is a major shift in trend.

“We are now in a bullish trend shift… But what is interesting to me is the daily RSI [relative strength index]. We’re bouncing off the 70 level on the daily RSI. We’re bouncing off the overbought zone, the unthinkable. The bears never thought this was going to be possible. But it has happened before.”