Lark Davis argues that Bitcoin’s current conditions are setting it up for a significant price surge due to rising demand and restricted supply.
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Major financial players like BlackRock and Fidelity are boosting their Bitcoin holdings, funneling hundreds of millions into the market via ETFs.
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Additionally, China’s upcoming $6 trillion bond issue is expected to increase global liquidity, further fueling demand for Bitcoin.
Lark calls this phase the “banana zone,” where limited Bitcoin supply and growing demand could drive prices up sharply. While Bitcoin is already climbing, he warns that it’s nearing a crucial resistance level of around $70,000.
Although he’s optimistic about a potential breakout, Lark advises patience and suggests taking profits if Bitcoin hits new highs, as the next bear market could be especially challenging. This rally, he believes, might be a critical opportunity before any correction.
