Bitcoin patriarch Saylor issues a bullish message as Bitcoin maintains recently conquered positions
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“Bitcoin is going ballistic,” Saylor tweeted, posting an AI-generated image of himself dressed as an astronaut on a space station.VanEck’s expectations lived up to be true about the high volatility pump that took place after November 5. There is now no technical resistance for Bitcoin to grow further up, Sigel said. According to his forecast, the flagship cryptocurrency is likely to smash through repeated all-time highs over the next two quarters.
Back in 2020 in November, Bitcoin doubled, according to VanEck’s executive and it faced roughly six ten-percent corrections. Therefore, it will hardly be a straight increasing line on charts now. So far, Sigel said, Bitcoin has been up 30% since the day when the US political leadership saw a radical change.
“A number of indicators that we track are still flashing green for this rally to continue,” Matthew Sigel admitted, targeting $180,000 next year. He reminded that the US government is now making a pro-crypto pivot in terms of its intentions to create a Strategic Bitcoin Reserve, possibly remove the SEC chair Gary Gensler who has been stifling crypto companies in the US by constantly suing them.
Now, Sigel said, crypto companies plan to go back to the US, open offices, providing lots of new jobs, which will be good for crypto and the GDP as well.Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets.
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