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With the Bitcoin price crossing $10,000 for the first time this year, Crypto trader and strategist Joe Saz says we are now firmly in the disbelief phase of a new long-term Bitcoin (BTC) bull market, with market participants struggling to wake up and believe the bear market is actually over.
“I’ve been talking about Bitcoin having been in a disbelief run or phase of the bull market, and I think that’s still happening right now.”
In a new interview with BlockTV, Saz talks about how high he thinks the BTC price can go in this current bull run.
“My intense bullish projection is around $300,000 Bitcoin until this market bubble bursts. So I think we’re going to have another bubble, probably in two to three years from now. I think Bitcoin is going to break six figures by far, and $300,000 is my estimation, probably more like the mid $300Ks. But I think this is the bull run that takes us to those beautiful numbers.”
However, the trader says it won’t be a straight shot to the moon. Saz believes there will be a 30% to 40% pullback before the halving or at the time of the halving.
“It could happen as early as April. We do have tax season so who knows there could be a lot more upward pressure on the price through tax season as we’re entering that proximity and closing that distance to the halvening…
$14,500 is my low target by April. At this point, it’s looking like a low target. But overall, I think we have a couple of pullbacks along the way but I believe this is the bull market that’s going to take us to six figures.”
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
Bitcoin Starts Vertical Rally To $11.5K and $12K: Uptrend Isn’t Over Yet
Here’s Why Bitcoin Price Could Explode 100% and Hit $20,000 by May