According to U.Today, Bitcoin (BTC) early adopter Jeremy DaVinci shared his insights on Bitcoin's potential price trend. Despite Bitcoin's pullback earlier this month, DaVinci said that Bitcoin's price has closed above the upper Bollinger Bands indicator for two consecutive months. He said that the last time this happened, the price of the coin jumped 2x within two months of confirming the setup. DaVinci believes that Bitcoin's price can reach $140,000 in three months, which is a bullish prediction reminiscent of predictions by other market experts. Although Bitcoin price predictions are not a straight line and market influences will also affect them, there are market triggers that can help achieve bullish predictions. The spot Bitcoin ETF market is at the top of the bullish factors surrounding the underlying cryptocurrency. Due to the large amount of capital inflows, ETF issuers have been snapping up the remaining BTC on crypto trading platforms, triggering a supply shortage, which is beneficial to the price. The Bitcoin halving event scheduled for later this month adds another bullish dynamic to BTC's upward price momentum. The reduced issuance will replenish the supply, setting it up for growth in the long term.
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