Based

bullish

Bitcoin

<ul>
 <li>Popular Bitcoin and crypto analyst shares bullish BTC price prediction despite short dip.</li>  
 <li>As BTC dips below $64,000, one analyst states that BTC will hit $586,500 by 2028.</li>  
 <li>He believes this is a high possibility as BTC could see a total market cap of 8 trillion by 2030.</li> 
</ul>  
<p>As Bitcoin (BTC) price dips below $64,000, one crypto analyst known for his many accurate predictions makes a bold prediction of <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">BTC price</a> hitting $550,000 with a total market cap of 8 trillion by 2030. While this is his long-term prediction for Bitcoin, the analyst breakdown a much more detailed prediction of what’s to come in the near future for Bitcoin.</p>  
<h2 class="wp-block-heading" id="h-586-500-btc-top-target-predicts-analyst">$586,500 BTC Top Target Predicts Analyst</h2>  
<p>In his latest weekly report, the silver-tongued <a href="https://x.com/DrProfitCrypto" target="_blank" rel="noopener noreferrer nofollow">Doctor Profit</a> explains what’s to come next for Bitcoin (BTC) and the broader crypto market. To start off, he predicts that Bitcoin (BTC) could reach <a href="https://cryptonewsland.com/550000-btc-ath-bitcoin-8-trillion/" target="_blank" rel="noopener noreferrer nofollow">$586,500 by 2028</a>, backed by a variety of economic factors and technical analysis.&nbsp;</p>  
<p>These factors include exploring key elements driving this forecast and include the M2 money supply, inflation, lost BTC, and black market inflows, all contributing to Bitcoin’s projected market cap of $8 trillion. Based on these factors, the M2 money supply is expected to increase by 58%, from $21 trillion to $33 trillion by 2028, further <a href="https://cryptonewsland.com/crypto-expert-doctor-profit-analyzes-bitcoin-stability-and-breakout-potential/" target="_blank" rel="noopener noreferrer nofollow">boosting BTC’s value</a>.&nbsp;</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  https://twitter.com/DrProfitCrypto/status/1840443009751818539
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</figure>  
<h2 class="wp-block-heading" id="h-explore-bitcoin-s-top-target-by-2028">Explore Bitcoin’s Top Target by 2028</h2>  
<p>With an estimated 6 million BTC lost and only 15 million left in circulation, Bitcoin's scarcity is expected to drive demand and push prices higher. However, the journey to $586,500 won’t be smooth. The analyst predicts several significant corrections of 40-50% on the way, but these dips will be seen as healthy, not signs of a bear market.&nbsp;</p>  
<p>Instead, these price corrections, like a potential 35-40% drop after hitting $120,000, will offer opportunities for traders to capitalize. In this outlook, there are no expectations of a prolonged bear market before 2028, despite potential corrections. Investors holding for the long term should focus on the final target rather than short-term volatility.&nbsp;</p>  
<p>Finally, the analyst emphasizes a dual approach, managing a long-term hold and a separate trading portfolio to maximize gains through BTC’s price fluctuations. Overall, the forecast presents a bullish view of Bitcoin’s future, highlighting the potential for substantial growth over the next four years.</p>     
<p>The post <a href="https://cryptonewsland.com/586500-bitcoin-top-target-bullish-possibility/" rel="noopener noreferrer nofollow">$586,500 Bitcoin Top Target Comes Into Focus as Silver-Tongued Analyst Breaks Down the Bullish Possibility</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

$586,500 Bitcoin Top Target Comes Into Focus as Silver-Tongued Analyst Breaks Down the Bullish Possibility

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