Bitcoin Set for Major Surge, Analysts Forecast 40% Price Increase
Following the recent election of Donald Trump, Bitcoin and cryptocurrency markets are buzzing with optimism, as the new administration is expected to bring a friendlier stance toward digital assets than the previous one.
With Kamala Harris conceding, Trump’s win has already sent Bitcoin soaring by 8%, reaching $75,000—its highest since March. Many analysts see this rally as only the beginning of a potential price surge for Bitcoin.
Ki Young Ju, CEO of CryptoQuant, believes there is still room for Bitcoin to climb, possibly up to 40% in the short term.
New investors often hold $BTC through bear markets, enduring losses.
After about two years, it changes hands when pain eases. That time is now.
It could go up +30-40% from here, but not like the +368% we saw from $16K. Time to consider gradual selling, not all-in buying, imo. pic.twitter.com/hXRT6YBsxS
— Ki Young Ju (@ki_young_ju) November 6, 2024
As Bitcoin enters the ranks of the top 10 financial assets by market cap, Ju encourages investors to remain level-headed. He advises a gradual selling strategy to ease pressure as the market stabilizes.
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Avalanche Buys Back $52M in AVAX, Ends Ties with TerraJu further noted that Bitcoin’s cyclical patterns influence holder behavior, as new investors often endure bear markets before assets eventually change hands.
In a recent post, he highlighted that this period of “easing pain” could lead to a 30-40% increase but warned against expecting the same gains seen in previous bull runs.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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