a lot of events have occurred for bitcoin in the last 1 year
almost 12 ETF’s have come up – to trade and invest in bitcoin
in april 2024 or so , there is an event called “bitcoin halving” – which means that the amount of bitcoin given for mining and computing activities will be reduced by half – this is likely to increase the price of bitcoin further
so here is the price target for bitcoin in 4 – 5 months ( by Aug 2024 or so ) as per the dow theory ( flag up pattern )
62000 + (62000 – 19000 ) = 105,000 USD
not just bitcoin , the other cryptos are likely to move up as well – this is due to the weakening of the US dollar to up coming rate cuts ( likely to start from May / June 2024 )
there are future applications of bitcoin – for the unbanked , also the technology – blockchain is very useful to track a lot of things in supply chains and track the black money ( un-taxed income )
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