BITCOIN FUNDRAT $180,000 PREDICTION

The biggest Bitcoin news at the moment is its complete lack of volatility, which leads me to believe that we will likely experience some volatility in the not too distant future. The Bollinger Band width is now down at 20 on the Bitcoin chart, which you can view here. The Bollinger Band reading on the weekly charts has never been lower than it is right now, if not ever. I believe the last low was 21, which simply indicates that there hasn't been much volatility recently.

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Since six weeks ago, there has been virtually no movement in the price of bitcoin; there is zero volatility. It doesn't always follow that the volatility will be on the upside, but it will arrive sooner rather than later. Although upward volatility would be terrific, it may also be negative volatility if the FED surprises us tomorrow. What if the FED doesn't raise interest rates tomorrow by the additional 0.25 percent that everyone now anticipates? What We won't hike rates again if the Fed announces that inflation is low enough. Things rapidly get quite interesting in that scenario, which might increase Bitcoin volatility. The Bollinger Bands inform us that volatility is on the horizon, and that is one thing we can count on. Similar to how our rubber band becomes tighter until it finally snaps, the Bollinger Bands do the same. We don't really know how long it will take, but it is clear that we are coming near to the snapping point.

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FundStrat Global Advisors Before the halving of Bitcoin next year, it reaches 108,000. Due to Blackrock's ETF driving demand. This Fun Strat forecast has already been circulated a few times. Before Bitcoin's halving the following year, $180,000 is a huge call. If that were to occur, the price of Bitcoin would have to increase steadily from $30,000 until it was halved. Currently at $30,000, the price of Bitcoin will increase by $150,000 in seven to eight months. I don't think it's a very reasonable projection to say $180,000. Because this is Crypto, I'm not saying it can't. Anything may happen in the world of cryptocurrency, but it doesn't seem very likely, is one thing I've learnt for sure. It would disrupt the four-year cycle, which will eventually come to an end. Although the idea has proved intriguing thus far, the four-year cycle eventually proves to be illogical. The BlackRock ETF, if authorized, would likely be shortly followed by the Invesco ETF, The Arc ETF, The Fidelity ETF, The Bitwise ETF, and anybody else is applying for an ETF. However, this would break the four-year cycle maybe earlier than it would break the BlackRock ETF.

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Through these ETF products, we will see more institutional capital enter the market, but for the majority of ETFs, the SEC will likely reject them in approximately three weeks. For the Arc ETF, the final decision period is, I believe, in December. For the majority of the Bitcoin ETFs now trading, the ultimate approval or denial deadline is in March of the following year, which is just before Bitcoin will halve in value. The SEC does not have to instantly approve a Bitcoin ETF; they are free to take their time with this. We all got extremely thrilled, and I still get quite happy about the possibility that the Bitcoin ETF will fill all of our pockets, but I'm not so sure about the 180k prediction by the end of the year.

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