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Globally recognized cryptocurrency expert and one of the early adopters of Bitcoin, Jeremy DaVinci, recently made significant remarks about Bitcoin‘s price trend. In a statement from his X account, DaVinci highlighted the crypto industry’s interesting period with Bitcoin’s consistent parabolic growth.
Bitcoin Doubled in Price Last Time This Happened
Despite Bitcoin’s pullback earlier this month, DaVinci noted that the asset’s price closed above the upper Bollinger Bands indicator for two consecutive months. He stated that when this happened before, Bitcoin’s price doubled within just two months.
Jeremy DaVinci, a YouTuber and crypto advocate, is known as one of the leading supporters of Bitcoin. As an early adopter of Bitcoin, DaVinci has gained wide recognition in the crypto industry. In his latest statement, he expressed his belief that Bitcoin could exceed $140,000 within three months, supporting this prediction with a similar bullish outlook to other market experts.
Bitcoin Offers More Upside Potential
Bitcoin, despite seeing a series of all-time highs over the past month, is said to have more upside potential even after the corrections.
Although Bitcoin price predictions are not linear, it is emphasized that bullish forecasts can be supported through market triggers. In particular, factors such as the spot Bitcoin ETF market and the upcoming Bitcoin halving event are suggested to support the rise in Bitcoin’s price.
Hayes Shares His View on the Bitcoin Halving
This morning, a prediction about Bitcoin came from Arthur Hayes. In his statement, Hayes mentioned that there could be some retracement in BTC‘s price before and after the Bitcoin halving. On the other hand, Hayes emphasized that the halving of Bitcoin, the flagship of cryptocurrencies, would bring significant rises in the medium term.
In light of these developments, the future price movements of the cryptocurrency Bitcoin continue to be eagerly anticipated. Experts are trying to predict which direction Bitcoin will take within the rapidly changing economic landscape, while investors continue to evaluate market opportunities during this period.
