Bitcoin‘s end-of-year value remains a hot topic, with forecasts becoming increasingly varied. In a recent discussion on Bitcoin’s trajectory, Roundtable anchor Rob Nelson interviewed John Divine, a Digital Asset OTC Trader at BlockFills. Divine remains steadfast in his bullish stance, projecting Bitcoin to hit $150,000 by December 31st.
Nelson began by asking Divine if his predictions had changed. Divine confidently reaffirmed his forecast, citing several bullish indicators, including optimistic statements from Anthony Scaramucci of SkyBridge Capital and Standard Chartered.
Divine discussed the impact of market dynamics, noting that while traditional stocks are at all-time highs, Bitcoin lags behind. He highlighted the interconnected performance of the S&P 500 and Bitcoin, suggesting that Bitcoin’s current lag could lead to a significant surge once specific market conditions are met.
He explained that Bitcoin’s rise to $85,000 could be rapid once it surpasses the $72,000 threshold, potentially reaching $100,000 before the U.S. election. Divine attributed this potential increase to various market players, including miners, systematic traders, and speculators, who might drive Bitcoin’s price up in a high-activity environment.
Divine concluded by emphasizing the lack of significant capital deployment during recent retracements. He suggested that the next wave of investments could propel Bitcoin to new all-time highs, remaining unwavering in his prediction of a robust market response that could see Bitcoin hit $150,000 by year-end.
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