Bitcoin (BTC) is showing strength with its market value climbing to a high of $63,700 on Monday despite heavy shorting on major exchanges like Binance and BitMEX.
Analysts predict a potential major breakthrough for Bitcoin, with suggestions that ongoing fear, uncertainty, and doubt in the market could drive prices even higher.
The forecast includes Bitcoin surging to $400,000 in the next cycle, driven by its past halvings, institutional adoption, and role as a hedge against inflation.
Factors such as increasing regulatory clarity, wider acceptance from retail and institutional investors, and a tightening supply further support the bullish outlook for Bitcoin.