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Popular crypto trader and YouTuber Ben Armstrong aka âBitboy Cryptoâ says that he can see Ethereum flipping Bitcoin this cycle and soaring to the tens of thousands of dollars as its ecosystem grows at an exponential rate.Â
âBecause of this total takeover, I can see itâs very likely that by 2025, Ethereum will hit $85,000 per ETH. The first step to that will be, of course, $25,000 ETH this year. Donât give up on that. Ethereum wonât just be digital oil in 2025, it will be the blockchain fuel of the future.â
In other trending Bitcoin News today: On-Chain Analyst Willy Woo Lowering 2021 Bitcoin Price Prediction After Crypto Market Reversal!Â
â[Bitcoin] was starting to look like it was winding up to $300K, $400K even $500,000 near the end of this year. Now itâs starting to reduce its trajectory. It looks like itâll comfortably reach $200,000. It might reach $300,000, but we have to see how that develops.â
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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:
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Decoding the Bitcoin Rollercoaster: Black Friday Bargain or Market Misfire?
Are you ready for a Bitcoin Black Friday deal that no one saw coming? The crypto world is buzzing with speculation as the famed “Plan B” November target of $98,000 for Bitcoin may be in jeopardy, leaving many to wonder if this is a crash or an unexpected floor model sale.
Bitcoin enthusiasts have been eagerly anticipating the achievement of the ambitious $98K target set by the popular Stock-to-Flow (S2F) model, also known as “Plan B.” This model, which factors in the scarcity of Bitcoin by analyzing its production and circulating supply, has been remarkably accurate in predicting the digital currency’s price movements in the past. However, the recent market downturn has cast doubt on whether Bitcoin will reach the projected target this November.
The crypto market, known for its volatility, has been subject to various external factors, including regulatory developments, macroeconomic trends, and market sentiment. As Bitcoin experiences a sudden dip in value, some investors are viewing this as a potential Black Friday bargain, while others are concerned that Plan B’s $98,000 target might turn out to be an unattainable goal.
It’s important to note that the nature of the crypto market is unpredictable, and sudden price fluctuations are not uncommon. While some experts argue that the recent dip in Bitcoin’s value is a natural correction after a prolonged bullish trend, others question whether there are fundamental issues at play.
As the crypto community speculates on the fate of Bitcoin’s November target, it’s crucial for investors to stay informed and approach the market with caution. Market dynamics can change rapidly, and understanding the underlying factors influencing Bitcoin’s price is essential for making informed decisions.
Whether this turns out to be a Black Friday deal for savvy investors or a missed opportunity for Plan B’s bold prediction, one thing is for certain: the crypto market will continue to surprise, challenge, and captivate its participants. As the month unfolds, all eyes will be on Bitcoin, waiting to see if it will defy the odds and reach new heights or if Plan B’s $98,000 target will remain an elusive goal.
