Popular Bitcoin maximalist Mike Alfred predicts the next move for BTC as the premier asset surpasses the $95,000 price mark.
In a tweet today, Alfred boldly asserted that Bitcoin would reclaim the $95K level and continue moving forward. Shortly after this assertion, Bitcoin surged past the $95,000 mark, climbing to a daily high of $95,768.
Bitcoin Crosses $95K Mark
It bears mentioning that BTC’s price repeatedly flirted with the $95,000 mark in recent days. Bitcoin’s attempts to break above this mark in the past few days have failed several times.
On April 23, it came close to hitting $95,000 multiple times, with its price reaching a daily high of $94,535. After several attempts, the leading asset dropped to a low of $91,696 the following day.
Interestingly, Bitcoin resumed its efforts to reach the $95,000 psychological target today and has now achieved the milestone. Bitcoin is trading at $95,500, up 2.64% in the last 24 hours.
Alfred Sets Next Bitcoin Targets
Following Bitcoin’s surge above the $95,000 mark, Alfred expects Bitcoin to continue its sprint toward the $109,000 territory. He emphasized that there is nothing but clear air between the $95,000 mark and the projected target of $109,000, indicating that Bitcoin will not encounter any significant resistance along the way.
Further, the Bitcoin maxi projects that Bitcoin will continue its ascent toward a lofty target of $315,000. Similarly, he does not think BTC will face any resistance on its potential rise to the $315,000 mark, as he expects nothing but clear skies for the premier asset.
Timeline for Bitcoin Surge to $315K
For context, Alfred has remained confident in Bitcoin’s rise to $315,000 in the past two years. He first issued the bullish prediction in January 2023, when Bitcoin was trading around $16,000. At the time, he predicted that Bitcoin would clinch this ambitious milestone by Q4 2025.
The expert believes that once Bitcoin eventually reaches the $315,000 target, it would be completely irrelevant whether investors bought it at around $60,000.
Reaching the $315,000 target requires a 229% increase from the current price of $95,500. At this price, Bitcoin’s market cap would soar to $6.25 trillion, assuming the circulating supply remains stable at 19.85 million BTC.
Meanwhile, the Bitcoin maxi slammed BTC bears, noting that they are in ‘complete disarray’ amid the asset’s latest move above the $95,000 mark. He warned his followers not to bet against Bitcoin, as the premier asset has a tendency to ‘break anyone who fades it.’
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
