Bitcoin price target don raise to $120,000 as institutional demand dey rise, bubble risks dey show for crypto IPOs
Respected crypto analyst Pentoshi don raise Bitcoin (BTC) all-time high price target to $120,000, and e talk say dis kind surge fit happen as soon as dis month. Dis optimism dey come from serious demand wey dey come from traditional finance institutions, and e pass the limited supply of Bitcoin well well. As dem dey report, Bitcoin dey trade near $105,536 wit strong upward momentum. Pentoshi dey advise investors make dem patient, focus on long-term growth, and no allow short-term market wahala make dem react anyhow. The analyst still warn say speculative bubble dey form for the wider crypto market, seeing how post-IPO shares price don jump – like Circle (CRCL) wey go from $31 to $107.70 – for new crypto-related IPOs. Traders suppose prepare for high volatility, which fit bring quick gains but also big market corrections risk. Institutional liquidity dey flow in, crypto IPOs dey increase, and valuations dey overheat, all of which resemble past bubble cycles. The koko for traders na to stay sharp for fast rising markets and carefully check valuations and possible downside risks.
Bullish
Di analyst believe say Bitcoin go rise reach $120,000 because of strong institutional demand plus supply dey shrink, wey mean say BTC get better short to medium term outlook. Di talk about speculative bubbles and IPO-driven market wahala for broader crypto market dey warn say risk and correction fit happen, but these no dey reduce di overall good momentum for Bitcoin itself now. Historically, when institution flows increase, price go rally, but traders better dey cautious as market fit overheat and correct. For now, di high demand and limited supply dey create good environment for Bitcoin price to appreciate more.