Best Crypto To Buy Right Now as Bitcoin Targets 64K Breakout!
Bitcoin gained 1.84%, closing at $62,913, boosted by optimism over a soft U.S. economic landing and positive jobless claims data. Inflows into BTC-spot ETFs on September 19 show growing demand, potentially setting Bitcoin up to break the $65K mark soon.
But the story doesn’t end here.
In a recent Altcoin Daily podcast, George from CryptosRUs shared his insights on how to prepare for the 2025 crypto bull run. He predicts Bitcoin could reach $200,000 and laid out key strategies to help investors make the most of the rally and avoid common mistakes.
Is there hope for Bitcoin? Let’s uncover the analysis.
Even with the current market slowdown, George remains hopeful about Bitcoin’s future. He predicts Bitcoin’s price could soar to $250,000 or even $300,000 by 2025, based on several models and charts. He believes that institutional adoption will play a key role in driving the next bull run. Major players like BlackRock and Fidelity are already accumulating Bitcoin, which strengthens the market’s chances of a significant rally.
While George is optimistic, he also prepares for a more modest outcome. Even if Bitcoin doesn’t reach the high targets, he expects it will still outperform current levels, estimating a lower range of $70,000 to $80,000. One of his key strategies is knowing when to sell. He stresses the importance of a profit-taking plan, especially for altcoins, as Bitcoin’s price climbs.
Although George hints at a new strategy for this cycle, he hasn’t revealed the details yet.
Having experienced several crypto cycles, George shares valuable lessons to help others avoid mistakes he made. He recalls how, in 2013, he sold Bitcoin too early, missing out on massive gains. By the 2018 bear market, he learned to stay invested and dollar-cost average, which paid off during the 2020 bull run. His advice? Patience and persistence are crucial for long-term success.
George also points to institutional adoption as a game-changer in this cycle. With BlackRock and Fidelity backing Bitcoin, it’s now seen as a legitimate asset. BlackRock’s Bitcoin ETF, the fastest-growing ETF in history, highlights this shift. George believes this large-scale involvement will fuel the next phase of Bitcoin’s rise.
George warns that the 2025 bull run will likely come with significant price swings. Market shakeouts are expected, but Bitcoin’s scarcity, especially after the upcoming halving, will push prices higher as demand grows. He advises investors to stick to their plans, have a clear profit-taking strategy, and be prepared for volatility.
George believes that learning from past cycles and embracing institutional involvement will push Bitcoin and the crypto market to record highs in 2025.
Also Check Out : Crypto News Today (Sept 20th, 2024): Bitcoin Price Hits $64k, Is This The Start of a Bullrun?
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