Crypto YouTuber Waiting For Bitcoin To Hit $142K Before Exit

Crypto YouTuber ‘InvestAnswers’ recently posted a video answering questions from his top fans, discussing his Bitcoin (BTC) exit strategy. He mentioned that BTC’s price didn’t reach his desired goal during the last bull run due to market manipulation, however, he hopes the crypto will hit $89,000 with a maximum upside of $142,000. He also lists on-chain supply, BlackRock’s Spot ETF, and overall adoption rate to play a role in Bitcoin’s value in the upcoming bull run with the potential to reach up to $500,000.

On October 2, crypto analyst CryptoCon forecasted that Bitcoin’s trend line is plotted from the lowest point of a cycle to a projected peak of $130,000 by November 2025. Additionally, CryptoCon noted that Bitcoin can attain $145,000 by December 2025.

Crypto analytics platform Santiment also released a monthly report on October 3, highlighting the upward trajectory for BTC, based on the social volume metric to gauge the level of discussion and commentary surrounding the asset. The report said,

Traders are optimistic about the +6.6% 1-month price return of crypto’s top market cap asset. This rise has managed to allow many assets to show some rebounding promise.

In the video, the YouTuber InvestAnswers also confessed that he reportedly parted with 60% of Google shares to invest in MicroStrategy and some altcoins. He noted that since the end of 2022, he has been buying equity. Yet, with the next bull run approaching, he plans to sell it and reallocate funds towards crypto.

MicroStrategy has been rolling out a series of developments recently, including the launch of MicroStrategy AI. According to the announcement, the product is set to enable organizations to seamlessly integrate generative AI into their data applications, allowing them to engage with>price per BTC amounting to $27,053.

General Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Source