Bitcoin

Bitcoin Price Could Still Go 3X Beyond $60,000 In This Bull Run!

Written by: Sahana Vibhute

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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Aug 23, 2021

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Highlights

    Bitcoin price smashes $50,000 after a long gap of 3 months and appears to be poised to surge more than 3 times within the current cull run

    The big cap, the mid-cap and the low cap altcoins are also expected to surge more than 10x following the bitcoin bull run

Bitcoin price pierced through multiple barriers and managed to reach $50,000 quickly after recovering the losses of the mid-may crash. The asset after bottoming hard multiple times propelled high and aims to hit the ATH very soon. Interestingly, the other altcoins are also expected to follow the BTC price rally to undergo a giant rally.

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The pace of the recovery was pretty fast as the asset almost doubled in three months. And hence diving through ATH could be effortless. As the asset is nearly $14000 away from forming a new ATH. It could rise to new highs aiming for a giant rally. A popular analyst, Lark Davis, believes Bitcoin is still due for a 3x rally from the current price in this bull rally.

Also Read: Bitcoin Bullish Predictions ! BTC Price Set to hit $80K in Next 2 Months? 

He says that along with BTC, many high cap, mid-cap and low cap altcoins could also surge from 10x to 100x. Therefore, if the predictions all go well, then a huge monster bull run could be in place. The rally could be larger than that just happened in the first half of 2021. 

Interestingly, the market capitalization of cryptocurrencies excluding Bitcoin is approaching the highs. It just cleared the resistance zone in between $1.03 trillion to $1.15 trillion and heading towards the highs at $1.448 trillion. 

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Collectively, with the Bitcoin price touching the skies, the other altcoins are also expected to follow. The top 10 altcoins have already initiated their journey, however, the low cap altcoins could deliver a more promising rally than the mid-cap or high cap. And thus as BTC price smashes its ATH, more altcoins could also undergo more than a 10x jump. 

Also Read: Will Matic Price Hit $2 Soon? Market Sentiment Seems to Be Bullish for Polygon!

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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