Bitcoin’s Price Target Soars! Is Another Bubble About to Burst? đŸ’„

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Ah, dear audience! Gather ’round as we unveil the latest proclamation from our esteemed analyst, who, like a modern-day Nostradamus, foresaw the grand bull cycle of November 2021! This month, he dares to predict that Bitcoin (BTC) shall reach heights unknown to mere mortals!

Our mysterious sage, known only as Pentoshi, addresses his legion of 866,100 followers on the platform X, declaring with great fervor that the weekly chart of Bitcoin reveals a most curious phenomenon: demand is galloping ahead of supply, like a horse in a race, leading to prices that could make one swoon!

He observes an “insatiable” thirst for Bitcoin from the staid halls of traditional finance (TradFi), convincing him that a bullish continuation is not just a dream, but a delightful reality awaiting us!

“Demand > supply”

“A picture is worth 1,000 words”

“I daresay we may see around $120,000 this month!”

But lo! Our analyst, in his infinite wisdom, advises patience, urging his followers to adopt a long-term view of our beloved crypto king.

“Every day, I hear the lament:

‘If there’s billions of dollars flowing into BTC, why is it not going up?’”

“My dear brother in Christ,”

“Zoom out, I implore you!”

“It shall arrive, though perhaps not at the pace you desire.”

As we speak, Bitcoin dances at a price of $105,536, a figure that would make even the most stoic investor raise an eyebrow!

Turning our gaze to the broader crypto bazaar, Pentoshi warns of a new bubble forming, like a soufflé rising in the oven.

“It appears that all the riches shall be found in crypto companies embarking on IPOs at valuations that would make a king blush!”

“Deeper pockets, more liquidity, higher valuations—oh, what a merry chase!”

His bubble prediction follows the meteoric rise of shares from the stablecoin issuer Circle (CRCL), which soared on its debut, opening at a princely $69 per share, a staggering leap from its IPO value of $31.00!

As of Friday’s close, CRCL now boasts a value of $107.70, a figure that surely brings a smile to the faces of its investors!

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2025-06-08 16:44