Vocal Bitcoin advocate and former financial journalist Max Keizer has taken to his X account to share a mega bullish Bitcoin price prediction with his army of followers.
Vocal Bitcoin advocate and former financial journalist Max Keizer has taken to his X account to share a mega bullish Bitcoin price prediction with his army of followers.
Keizer has revised his previous prediction about BTC rising to the massive $220,000 price level, which he has been sharing frequently in recent years. This time he has found a new and important reason for such expectation.
“The divine candle is approaching; $220,000 at stake”
Bitcoin maximalist Keizer believes that $220,000 per Bitcoin is “still in play.” He posted a tweet to spread the word about this among X followers of him. The important reason why this all-time high for the world’s flagship cryptocurrency seems quite possible now is that, according to Keizer, Bitcoin “demand shock meets supply shock.”
Max Keizer commented on a tweet from X user @Vivek4real_, who claimed that Bitcoin supply on cryptocurrency exchanges is falling sharply now, reaching all-time lows. “Supply shortage is coming,” tweeted @Vivek4real_.
Keizer stated that he hopes to reach $220,000 as a result of the “God candle” on a Bitcoin chart.
Samson Mow expects a new Bitcoin ATH soon
Earlier this week, another proactive Bitcoin supporter, Jan3 CEO Samson Mow, tweeted that he hoped the world’s largest cryptocurrency would soon reach a new all-time price peak.
In his multiple bullish tweets posted earlier in the year, Mow stated that he expected to see a “Bitcoin Omega candle” emerge on the charts and then lead BTC towards a staggering goal of $1 million.
Before the Bitcoin halving finally occurred in the second half of April, Mow mentioned the reasons for Bitcoin’s potential $1 million surge: “a supply shock meeting a demand shock.” What he meant by this was that the Bitcoin spot ETFs, which began trading in January and also began aggressively purchasing approximately 10,000 BTC per day, created a shock to Bitcoin demand.
As for the supply shock, Samson said it would be the halving that would take care of it. In fact, now that this pivotal event is behind us, daily Bitcoin production by miners has fallen from 900 to 450 BTC, while block rewards fell from 6.25 to 3.125 BTC. ETFs including BlackRock, Ark Invest, and VanEck continue to suck Bitcoin out of the market.
