The price of the flagship cryptocurrency Bitcoin ($BTC) could surge to $50,000 amidst a widespread financial crisis as short sellers fail and the cryptocurrency gains greater mainstream acceptance.
That’s according to Raoul Pal, CEO of Real Vision and a former Goldman Sachs executive, who during an interview with Anthony Pompliano noted that BTC could surge nearly 80% from its current levels in less than a year to $50,000, as short squeezes occur.
A short squeeze occurs when the price of an asset signals a reversal from an uptrend to a downtrend incorrectly, and sees short sellers forced to buy back the asset they are selling as prices move against them. These forced orders further help prices rise.
Pal stated that short squeezes have had a noteworthy impact on the rise of Bitcoin’s price in the past. As an increasing number of investors acknowledge Bitcoin’s worth and accept it as a valid category of assets, short squeezes may continue to take place, resulting in heightened upward pressure for the cryptocurrency, he says.
Pal anticipated that as individuals lose trust in the conventional financial system and explore alternative options, they might become more conscious of the advantages provided by digital assets, particularly during times of economic turmoil. In such a crisis, he asserted that BTC’s value could potentially skyrocket.
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According to the former Goldman Sachs executive, the current interest surge in cryptocurrencies is similar to a surge seen in 2013, which helped the cryptocurrency surge at the time. Anticipating substantial growth for the crypto industry, Pal asserted that Bitcoin will spearhead the way. Nevertheless, he cautioned that such growth will likely be accompanied by augmented regulatory oversight and scrutiny from both governments and financial institutions.
正如 CryptoGlobe 报道的那样,一位顶级加密货币分析师在 2018 年 84 月准确预测比特币全年下跌 19,000%(在长达一年的熊市中从超过 3,000 美元跌至略高于 XNUMX 美元)后在社交媒体上获得了大量追随者,他建议通过有两个图表 到 150,000 年,比特币有可能达到 2025 美元.
Peter Brandt 是世界上最受尊敬的古典图表师之一,他在微博平台 Twitter 上与他的近 700,000 万粉丝分享了图表,表明 BTC 正在形成反转的头肩形态,这可能会在第二秒将 BTC 推高至 30,000 美元今年四分之一。
反向头肩形态与标准头肩形态相反。 它用于预测下降趋势的逆转。 当证券的价格达到低点,上涨,再次跌破前一个低点,然后再次上涨,最后第三次下跌但没有第二次低点时,该模式被识别。
在第三个低谷之后,价格向上移动至前一个低谷顶部的阻力位,根据 Investopedia.
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- Sumber: https://www.cryptoglobe.com/latest/2023/03/bitcoin-btc-price-could-rise-to-50000-amidst-financial-crisis-says-former-goldman-sachs-exec/