The Bitcoin course at $ 1 million per token could be slower and less dramatic than what many cryptography market players can expect, according to the pseudonym analyst of Bitcoin Planc.
“What if, from now on, Bitcoin is slow and right, with long and accurate and accurate corrections and without incident of 10 to 30%?” Bitcoin Planca analyst speculated in a Post X on Sunday.
“Instead, we continue to turn slowly at $ 1,000,000 over the next seven years in a very boring and disappointing way,” added Planc, noting the growing acceptance and adoption of Bitcoin (BTC) of the traditional financial system and the main institutional actors.
Planc said that each time the Bitcoin price moves to the side for an extended period, people think that the cycle is over and expects prices to decrease up to 80% so that they can buy the cheaper assets, but that never happens.
For months, the industry has debated if the growing demand for FNB and Bitcoin treasure bills has completely disturbed the four -year Bitcoin cycle.
However, not everyone shares Planc’s perspectives.
“Omega Candle” could see Bitcoin Rocket of $ 100,000 per day
The founder of Jan3, Samson Mow, predicts that Bitcoin will soon see an “Omega candle”, pulling the price of $ 100,000 in a single day. Mow told the magazine in June that $ 1 million for Bitcoin “is given at this stage, perhaps this year, maybe next year”.
However, the slow and strict projection of Plancin sees Bitcoin reaching $ 1 million by 2032, a little later than certain other management forecasts of the industry.
CEO of Coinbase, Brian Armstrong, recently planned 2030 as a seven -digit target, while Eric Trump recently said that there was “no question” that BTC will reach $ 1 million in the coming years.
Others argue that a Bitcoin of $ 1 million which takes place too early would be a bad sign. On August 17, the CEO of Galaxy Digital, Mike Novogratz, said that a Bitcoin at a million dollars next year would be a sign that the American economy was in great difficulty.
“People who encourage the price of bitcoin to a million dollars next year, I said to myself, the guys happens only if we are in such a crappy place at the national level,” said Novogratz.
Everyone prefers “smaller corrections” for bitcoin
Swyftx’s main analyst Pav Hundal said Cointelegraph on Tuesday that “everyone wanted the story around small corrections to make sense”.
“Business treasury bills, institutional offices and even sovereign buyers create a constant demand base,” said Hundal, explaining that structural offers should, in theory, smooth wild oscillations.
In relation: Bitcoin Bull Market will be “exceeded” if the price of $ 100,000 BTC is lost: trader
But he warned that the market is still in unexplored territory. “We don’t know how the market will react to pressure,” he said.
“Treasury buyers are not immune to traditional market forces,” he said.
“In fact, many of them rely on credit. If credit differences are widening and risk measures fluctuate, as a healthy market should, these same strong hands could quickly turn into forced sellers,” he said.
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