Bitcoin enters a supply shock period that could have more spectacular price implications than in previous cycles, said at Cointelegraph Katalin Tischhauser, research manager at the Banking Group digital banking group.
“The major demand will have a strong multiplier effect, which means that each $ 1 of demand leading to, say, $ 20 to $ 30 of additional market capitalization,” she said. “We have already seen this multiplier effect after the launch of Bitcoin Spot ETF or around US elections.”
Tischhauser cited the limited liquid liquid offer of Bitcoin (BTC) compared to the large pools of institutional capital on the side of the request as a reason for a possible peak of the BTC price in the coming months.
“This liquid offer has dropped regularly in the past 1.5 years, especially due to the proliferation of Bitcoin acquisition vehicles such as Strategy, twenty one capital and others,” said Tischhauser.
https://www.youtube.com/watch?v=jtzg-ijdfwc
It has also noted structural factors contributing to an upward forecast for the BTC, including increased regulatory clarity, macroeconomic pressures and the growing bitcoin attractiveness as a deflationist.
The funds negotiated in exchange for Bitcoin (ETF) have only seen four days of outings since April 16.
In relation: The price of Bitcoin will reach $ 130,000 or even $ 1.5 million, say the bulls.
Bitcoin consolidation a “healthy break”
The founder of Derive, Nick Forster, told Cintelegraph that the asset will probably see a “consolidation phase”, which he classified as a “healthy break”.
The break will allow “market time to digest recent gains and prepare for the next phase”. Some analysts call for much higher price targets, some in the field of $ 200,000 to $ 300,000.
Review: Danger sign for Bitcoin because the retail trade abandons it to institutions – Sky weekends
