Bitcoin BTC Price Expected to Rise by 61 in 8 Weeks Predicts Lark Davis
Crypto analyst Lark Davis, renowned for his ability to predict market trends, anticipates a major bull run on the horizon. With a strong track record, Davis believes that the crypto industry is poised for substantial growth, driven by an influx of institutional investment.
Bitcoin’s price is a point of focus for Davis. He analyzes Standard Chartered Bank’s projection that Bitcoin could reach $100,000 by August, but he considers $90,000 more realistic by the end of the year. Davis cautions that the release of Bitcoin from Mt. Gox and government purchases by the US and Germany could cause market instability. However, he believes that the upcoming influx of Bitcoin ETF investments will counteract this sell-off pressure.
Before any significant movement, the market needs to surpass the $72,000 mark and gain strong buyer support, likely in the fourth quarter. If Bitcoin reaches $150,000, it could have a significant impact on the overall altcoin market.
Davis also shares his insights on Ethereum. As the bull market reaches its peak, he predicts that various investors, including regular investors, institutions, wealth managers, pension funds, and even countries, will pour billions into newly approved ETH ETFs daily, driving up prices. He advises investors to monitor ETF developments as a catalyst for Ethereum’s price movement.
Additionally, Davis offers his picks for other altcoins. He expresses optimism about Solana, citing its market strength and momentum. He believes that it is currently one of the leading projects, surpassing other cryptocurrencies in terms of hype and development. Davis also supports the Base thesis, emphasizing its strong market position and suggesting that meme coins on the Base network could drive future growth. While Avalanche may not receive as much hype as Solana or Base, Davis remains bullish on its long-term prospects. He sees Avalanche as one of the more hyped projects, despite current market challenges. As for Polkadot, Davis remains optimistic, highlighting its partnerships and use cases in real-world assets and AI. He acknowledges the controversy surrounding Polkadot’s treasury spending but remains transparent about his collaboration with the project. Davis finds Helium intriguing, noting its unique approach to decentralized wireless infrastructure. Although he doesn’t closely follow Rweave, he finds its decentralized storage solutions noteworthy. Finally, Davis mentions a merger involving Fetch.ai and sees potential in the AI sector, although he does not provide specific price predictions.
In conclusion, Davis anticipates a significant bull run in the crypto industry, driven by institutional investment. He provides insights on Bitcoin and Ethereum, as well as his picks for other altcoins.