Foreign analyst TechDev superimposed an 8-week chart of Bitcoin's movement on the well-known global market adoption curve, which describes the stages of mass adoption of new technologies and assets.
According to this analysis, we are on the verge of a phase of significant market growth, known as the hypergrowth stage. This stage is characterized by a sharp increase in interest and investment, which can lead to a significant increase in the value of the asset. In this case, the predicted value of Bitcoin could reach $ 120,000.
TechDev also notes that a key factor that could accelerate this growth is monetary policy. If central banks begin to rapidly reduce interest rates and inject large amounts of cheap money into the market, this could create favorable conditions for investing in cryptocurrencies, including Bitcoin. Such a policy could stimulate demand and push the price of BTC to the above levels.
However, despite the optimistic forecasts, the analyst warns of the need to take into account market risks and be prepared for possible volatility. As in any financial market, investors must carefully analyze the current situation and make informed decisions.