You are currently viewing Renowned Analyst Marc van der Chijs Forecasts Bitcoin Surge to $100,000 in 3 Months
Renowned Analyst Marc van der Chijs Forecasts Bitcoin Surge to $100,000 in 3 Months

Renowned Analyst Marc van der Chijs Forecasts Bitcoin Surge to $100,000 in 3 Months

Bitcoin surge is once again making headlines in the cryptocurrency market as its price has reached its highest level since the end of 2021. In the last 24 hours alone, the popular cryptocurrency Bitcoin has increased by an impressive 4%, bringing its total gain to 22% in the past week.

Analyst’s Bold Predictions

This bullish trend of Bitcoin is being led by renowned analyst Mark van der Chijs, who is making a bold prediction. He believes that Bitcoin could cross the $100,000 mark within the next three months. He made this prediction through social media posts, after which people seem to be more excited about Bitcoin Surge.

Driving Forces Behind Bitcoin Surge

Van der Chijs explains that the number of people investing in Bitcoin through exchange-traded funds (ETFs) is increasing, due to which its price is increasing by 2% daily. Simply put, it’s like adding $1000 to its value every day.

Inflows at current prices are 10-12x newly minted BTC, meaning people will have to sell their BTC to fill ETF orders. Individuals are strategically selling their Bitcoins at higher prices to meet the demand for the ETF. This not only pushes prices higher, but also creates a fear of missing out (FOMO) among ETF investors. Which leads to more demand and even higher prices.

Golden Opportunity for Traders

Van der Chijs also identifies a golden opportunity for traders during the settlement period before the US markets open. He says that this period in the cryptocurrency market presents an opportunity to take advantage of the Bitcoin Surge in prices.

Read This Also – Why Experts Say $112,000 is Just the Beginning: Bitcoin Price Boom in 2024?

Key Factors Fueling Bitcoin Surge

According to Van der Chijs, two major factors are fueling Bitcoin’s growth.
1) BTC mining rewards will be halved in mid-April. Currently 900 BTC are produced per day, but only 450 new coins are minted thereafter. This will shock supply and push prices even higher
2) Many financial advisors may start selling a new ETF only after 90 days of trading (to reduce the risk that the ETF they sold will fail), meaning demand will be even higher by the beginning of May. It should start increasing more.

Predicting a New All-Time High

Despite the uncertainty of the cryptocurrency market, Van der Chijs estimates that Bitcoin could see gains of $1000 per day in the coming weeks. He believes that with Bitcoin’s impending halving and the launch of a new ETF, this Bitcoin Surge could intensify further.

In fact, he estimates that Bitcoin is likely to reach a new all-time high, potentially surpassing $69,000 before the surge stops. And if all things go as expected, Bitcoin may reach $100,000 in the next 2-3 months.

Investment Disclaimer:

This information is for educational purposes only and is not financial advice. Cryptocurrency investments involve risks. Consult with a financial advisor before investing. Past performance does not guarantee future results. Opinions expressed are personal.

Simon Brown

Hi there! I'm Simon Brown, a passionate writer delving into the exciting realm of cryptocurrency. From dissecting crypto news to making bold predictions, I cover it all. Join me on this thrilling journey through blockchain, NFTs, and beyond!

Leave a Reply