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Renowned for his accurate forecasts, crypto analyst Alex Krüger assessed the current state of Bitcoin (BTC). The analyst argued that the largest cryptocurrency is in the midst of a long bull market characterized by resilient demand that quickly absorbs any selling pressure.
Commentary on Bitcoin’s Super Cycle
Commenting on Bitcoin for his followers on social media platform X, Krüger claimed that the largest cryptocurrency is currently in a super cycle, suggesting that the high demand for BTC will outpace market supply and could potentially push its price to six-figure levels.
While acknowledging some bearish signals in the crypto market, particularly from technical indicators, Krüger emphasized the potential of inflows from spot exchange-traded funds (ETFs) to counter these signals and propel Bitcoin to new heights. He noted that ETF inflows are fueling the ongoing bullish sentiment and excitement in the cryptocurrency market, driving up the price and potentially pushing it higher.
The analyst offered a speculative price trajectory for Bitcoin, predicting a rise to $85,000 followed by a 35% correction to $55,000, then a new surge to $120,000, and a pullback to $85,000. Krüger assessed that such price movements could emerge in the midst of a super cycle characterized by shorter and shallower declines compared to traditional market cycles.
Attention Drawn to Potential Correction Phases
Regarding the timing of potential corrections, Krüger pointed to significant events such as the fourth block reward halving, which reduces the block reward for Bitcoin miners by 50% and is expected to occur in April, as potential catalysts for major corrections. He also foresaw a significant correction if the SEC rejects the spot Ethereum ETF in May, highlighting the potential impact of fundamental events on market sentiment and price movement.
Despite anticipating corrections, Krüger is on the bullish side for Bitcoin’s long-term trajectory, expecting higher prices by the end of the year and significantly higher prices by the end of the cycle. He emphasized that round numbers like $100,000 are symbolic and are often surpassed during market cycles, demonstrating his confidence in Bitcoin’s potential to rise well beyond this level.
In addition to Bitcoin, Krüger expressed optimism about various altcoin categories and projects, including the intersection of cryptocurrency and artificial intelligence (AI), upcoming ecosystems like Eigenlayer, innovations in the Bitcoin ecosystem, and specific altcoins such as Solana and Monad. He also highlighted emerging trends such as GameFi, AirDrops, and decentralized finance (DeFi) as promising areas.
