The path to the new bitcoin (Btc) All times high will continue to feature major corrections by 20% or more, including possible corrections during the Q4 period, despite the usual being a good quarter for crypto asset prices, according to market analyst Jordi Visser.
Visser said Bitcoin was part of the AI trade and compared BTC to Nvidia, a high-performance computer chip manufacturer who became the world Most important companies exchanged public and the first public company that hits a $ 4 trillion appreciation. Visser Says:
“I just want to remind people that Nvidia has reached more than 1,000% from ChatGPT’s launch. At that time, less than three years, you have five corrections of 20% or more in Nvidia before it returns all the time.
While artificial intelligence takes up more sectors of the economy and replaces human labor, it will eliminate traditional companies and make stocks that are obsolete, Driving investors in BTCWhich is the best value store in digital age, Visser predicted.
The price of Bitcoin is one of the most debate and reviewed topics in crypto, as market analysts attempt to estimate the price of digital currency amid rapid technology innovative technology, market disruption, and money removal.
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Analysts grape with slow moving performance of bitcoin
Market analysts watch gold and stock Press new all-time highs While the price of bitcoin remains close to $ 110,000 levels, down about 11% from all times high over $ 123,000.
Investors are divided into if new highs are possible in Q4, Catapulting BTC up to $ 140,000, or if the recent drawdown represents the start of a long bear market that may take BTC price up to $ 60,000.
https://www.youtube.com/watch?v=6G35Ewcewum
Regulatory barriers and the lack of development in a bitcoin strategic reserve in the United States that grow by the time -consuming market purchase are eliminated by expectations for some analysts.
Previously, some analyst forecasts that the US government’s purchase of the BTC for a national bitcoin reserve would be a major price catalyst for the digital asset in 2025.
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