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As per historical precedence, the lack of price movement despite the massive inflows is indicative of an incoming bullish run, given that the longer this goes sideways the higher prices spike. Hence, prices may soar to new peaks as predicted by industry leaders like Mike Novogratz, Robert Kiyosaki and Tom Lee.strongly believes that Bitcoin could enter a six-digit zone before this year is over, while Kiyosaki is even bolder with a striking
Interestingly, analysts suggest that Bitcoin’s price follows similar patterns after halving events, with past cycles showing significant price peaks. If the price predictions are right, the huge inflows and accumulations by BlackRock, Grayscale and other investors would have positioned them for huge profit-taking when the largest cryptocurrency asset soars.Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments.
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