🤯 Why Bitcoin Price Could Surge 100% in 15 Days : Decoding The Truth
This week, Bitcoin faced significant selling pressure amid concerns over demand and ETF outflows. BTC dipped below the critical support level of $65,000, marking its second consecutive week in decline. The cryptocurrency is now down more than 12% from its peak, with sentiment suggesting bears have gained control. Notably, major spot Bitcoin ETFs experienced net outflows totaling $145.9 million, led by the Fidelity Wise Origin Bitcoin Fund (FBTC).
These outflows intensified following the Federal Reserve’s hawkish stance. The Fed opted to maintain interest rates at 5.25% to 5.50%, with the potential for a future cut later this year.
Despite the negative market trend, one analyst paints a gloomy picture of Bitcoin in the coming weeks. Here are his bold claims on Bitcoin and altcoins ready to gain momentum. Read on!
🔸 Bitcoin Set to Double in Value, Here’s How?
In his video analysis, George from CryptosRUs discusses the potential for Bitcoin to double in 15 days. He points out historical patterns where Bitcoin experienced significant price movements after periods when the US stock market saw notable gains. George highlights that despite short-term fluctuations, Bitcoin has historically rebounded strongly, citing examples where it surged by 80% after a dip earlier this year.
Despite negative news from the media and economic uncertainties such as inflation, George underscores Bitcoin’s strong fundamentals. He points out that the decreasing supply from halving events and increasing global demand are key factors that could drive significant future price increases.
🔸 Altcoin Opportunities
Alongside Bitcoin, George explores opportunities in altcoins like Avalanche and Injective, suggesting potential growth driven by their unique market niches and technological developments. He predicts a possible upcoming altcoin season around September, underscoring the cyclical nature of market trends.
