Bitcoin will hit

Bitcoin will hit $140k before Q2 2022, CEO of Celsius network predicts

Bitcoin will hit the $140k price mark before Q2 2022, the CEO of the Celsius network remains optimistic despite the recent market correction. CEO also believes that the BTC’s surge in value has nothing to do with technological upgrades.

Bitcoin will hit $140k before Q2 2022:

The CEO of the crypto lending platform, Celsius Network, is optimistic about the coin despite the recent price bloodbath. On December 3, the price of the BTC fell by $16k and took the whole market with it. This nosedive of the flagship currency has wiped billions of dollars from the crypto market. But salute to the optimism of the CEO of Celsius Network, Alex Mashinsky, who has predicted that Bitcoin will hit the $140k price mark before the budget date of April 15, 2022.

Bitcoin will hit
Bitcoin will hit $140k before Q2 2022.

In an interview with Kitco News, Alex predicted that the price of the token can go as high as $160k before the budget date. He further detailed that the selling pressure would trigger a drop around the second quarter of next year. This correction due to the selling pressure might end up at $80k. The CEO explained by saying:

“So next year, we are going to hit the $140,000 to $160,000 blow-off top. It may be before tax day, before April 15th, or we may slip into Q2. I think there are too many sellers at that level. We are going to probably have a retest. The bottom is going be at a new high of $80,000 to $90,000”.

At the same time, the drop comes just days after the asset underwent the Taproot upgrade. However, Mashinsky believes that Bitcoin’s surge in value is not dependant on technological upgrades. In my opinion, the prediction ,Bitcoin will hit 1$40k price mark, of CEO comes true.

Read more here.

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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