An analyst who accurately called the November 2021 crypto bull cycle top is predicting fresh record highs for Bitcoin (BTC<\/a>) this month.<\/p>\n Pseudonymous analyst Pentoshi tells his 866,100 followers on the social media platform X that Bitcoin\u2019s weekly chart shows<\/a> that BTC demand is significantly outpacing supply, resulting to higher prices.<\/p>\n The trader says he seeing<\/a> \u201cinsatiable\u201d demand for Bitcoin from firms in the traditional finance (TradFi) world, leading him to believe that bullish continuation is on the table for BTC.<\/p>\n \u201cDemand > supply<\/em><\/p>\n A picture is worth 1,000 words<\/em><\/p>\n Feel like we see around $120,000 this month.\u201d\u00a0<\/em><\/p>\n The analyst also tells<\/a> his followers to remain patient and have a long-term outlook on the crypto king.<\/p>\n \u201cEveryday:<\/em><\/p>\n \u2018If there\u2019s billions of dollars flowing into BTC, why is it not going up?\u2019<\/em><\/p>\n My brother in Christ,<\/em><\/p>\n Zoom out.<\/em><\/p>\n It\u2019s going to get there, just maybe not always at the speed you want.\u201d\u00a0<\/em><\/p>\n At time of writing, Bitcoin is trading for $105,536.<\/p>\n Looking at the broader crypto market, Pentoshi says<\/a> a new bubble is forming in the space.<\/p>\n \u201cLooks like all the money is going to be made in crypto companies doing IPOs (initial public offering) at wild valuations<\/em><\/p>\n Deeper pockets, more liquidity, higher valuations<\/em><\/p>\n Another bubble is brewing, another bubble to chase.\u201d<\/em><\/p>\n Pentoshi\u2019s bubble call comes after shares of the stablecoin issuer Circle (CRCL) meteorically rose<\/a>\u00a0on the first day of trading. Circle debuted on the stock market on Thursday with an opening price of $69 per share, a massive increase from the IPO value of $31.00 per share.<\/p>\n As of Friday\u2019s close, CRCL is worth $107.70.<\/p>\n Follow us on X<\/a>, Facebook<\/a> and Telegram<\/a><\/span><\/em>   Generated Image: Midjourney<\/span><\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" An analyst who accurately called the November 2021 crypto bull cycle top is predicting fresh record highs for Bitcoin (BTC) this month. Pseudonymous analyst Pentoshi tells his 866,100 followers on the social media platform X that Bitcoin\u2019s weekly chart shows that BTC demand is significantly outpacing supply, resulting to higher prices. The trader says he […]<\/p>\n","protected":false},"author":2,"featured_media":370849,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-394517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/394517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=394517"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/394517\/revisions"}],"predecessor-version":[{"id":394518,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/394517\/revisions\/394518"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/370849"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=394517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=394517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=394517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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<\/center><\/p>\nDisclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n