- Crypto analyst predicts Bitcoin to reach $84k
- Prominent companies invest millions in Bitcoin
Bitcoin continues to be the most talked digital asset in the crypto space and around the world. As a result, Bitcoin enthusiasts and analysts continue to monitor the bullish performance of the crypto.
In terms of market position, Bitcoin continues to rank as the top cryptocurrency in the crypto world. Also, BTC is one of the top ten assets around the world by market capitalization based on AssetDash.
These solid performances of Bitcoin made the crypto analyst and investor Lark Davis react via a tweet:
— Lark Davis (@TheCryptoLark) February 5, 2021
In addition, Lark Davis is optimistic that Bitcoin could extend its bullish rally to $84180 on April 5th. To be specific, this bullish forecast is based on the previous market and post-correction pumps. Nevertheless, this is most likely to happen if the bullish market continues to favor the crypto.
In the past 24 hours, BTC traded a high price of $39666 with an increased rate of +5%. Specifically, this uptrend position of the crypto is due to the Bitcoin frenzy that is happening recently. If this Bitcoin craze continues, Bitcoin could overtake the bullish price of $40k in no time.
Furthermore, the graph also displays BTC’s growth rate of +113.6% in the past 60 days. In this case, if Bitcoin continues to keep this bullish trend, Bitcoin might create a new all-time high (ATH) in the coming months. Hence, the crypto analyst forecast in reaching the price of $84k might come to life. Indeed, this is an event that the investors would celebrate.
Moreover, the bullish trend of Bitcoin also reaches the attention of big companies around the world. As a result, prominent firms such as Microstrategy invest millions in the cryptocurrency.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.