Bitcoin’s Uptrend Forecast: Expert Signals Market Triumph, Says ‘We’re About To Win’

Samson Mow, the CEO of Jan3 and a recognized investor in Bitcoin, has recently expressed a confident outlook on the future of the cryptocurrency, suggesting that a significant victory for its supporters is “imminent.”

In a recent tweet, the CEO of Jan3 observed that several prominent accounts, which he broadly categorizes as “influential,” have been critical of BTC. Mow clarified that his definition of “influential” is wide and might even encompass “third-rate comedians.”

Despite this criticism, Mow’s interpretation of these events is optimistic, encapsulated in his statement, “Feels like we’re about to win.”

His comments come at a pivotal moment for BTC, as it is going through a bull phase following its recently achieved yearly high of trading above $44,000.

Analyzing The Current State Of Bitcoin

Despite Bitcoin’s peak of $44,000, marking its highest point this year, the cryptocurrency has experienced a notable retracement. Over the past 24 hours, BTC’s value decreased by 4.4%, bringing its trading price down to $42,000.

Bitcoin (BTC) price is moving sideways on the 4-hour chart. Source: BTC/USDT on TradingView.com

This decline is also reflected in its daily trading volume, which dipped from $34 billion last Monday to $27 billion, signaling a reduction in trading activity and a cooling period after the recent rally.

This downward movement in BTC’s trading volume indicates less investor engagement, an aspect that Mow has recently addressed.

The Jan3 CEO expressed his surprise at Bitcoin’s failure to quickly rebound to the $44,000 mark, despite the upcoming spot BTC exchange-traded fund (ETF) and the halving event, both of which are highly anticipated developments within the BTC community.

Mow’s Vision For Bitcoin’s Ascent To $1 Million

Samson Mow remains a steadfast advocate for BTC’s potential surge in value. Mow has recently maintained that the path to a $1 million valuation per BTC is “still achievable.” The CEO of Jan3 attributes this optimistic projection to a significant influx of institutional capital and the scarcity effect brought about by upcoming Bitcoin halving events.

Mow’s perspective aligns with a widely held belief in the BTC community: institutional investment will be a crucial catalyst for major price increases.

The CEO of Jan3 anticipates that as more institutional investors inject capital into the market, the finite supply of BTC will become even more pronounced, leading to an upward trajectory in its valuation.

Featured image from Unsplash, Chart from TradingView

Jos Tran
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Jos Tran

I'm Jos Tran, the author behind Smart Passive Income (SPI), a blog dedicated to online business and entrepreneurship. I started this blog in 2008, following in the footsteps of Pat Flynn, the founder. Being one of the leading business blogs globally, SPI attracts over 2 million readers each month. Through my content, I aim to assist individuals in generating passive income from various online sources. Join me on this transformative journey as we delve into the world of online business and uncover the strategies and tactics that have led to tremendous success for myself and countless others.

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