Ivan is optimistic about Bitcoin's current momentum, believing it’s nearing a potential all-time high. He highlights the recent strong performance on the weekly chart, where three consecutive weeks of gains suggest Bitcoin could soon break its previous peak. A single large move, similar to past rallies, could push Bitcoin to $78k.
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He emphasizes the importance of maintaining this momentum, noting that Bitcoin’s dominance is decreasing, which could signal the start of an altcoin season.
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Ivan sees the past six months of consolidation as laying a strong foundation for a significant rally, potentially driving Bitcoin to $100k or higher.
Looking at historical trends, he recalls Bitcoin’s surge from $10k to $60k in six months during 2020. Ivan suggests that a similar rally could lead to a 3x increase, bringing Bitcoin to over $100k or even $300k.
He also considers global factors, such as China’s economic stimulus and the evolving financial landscape, where Bitcoin could play a role as a neutral asset. Ivan believes that increasing global liquidity from both Eastern and Western economies could further support Bitcoin’s growth.
