Prominent Crypto Analyst Lark Davis Says Bitcoin’s Uptrend Will Continue Through 2022

[ad_1]

New Zealand-based crypto analyst and influencer Lark Davis said Bitcoin is expected to continue its uptrend next year.

Speaking in a YouTube video posted to his YouTube channel on October 19, Davis told his more than 4,455,000 subscribers that Bitcoin is set to continue its resurgence in 2022, saying he “may be more bullish than anyone else. can not imagine “. Davis referred to a chart by on-chain analyst Willy Woo, which shows the continued accumulation of BTC by long-term holders.

Davis noted that periods of accumulation have historically preceded dramatic price increases.

As reported by The Daily Hodl, Davis said:

Do you know what just happened? Accumulation for long-term holders has just peaked. We are currently at the peak of accumulation. Do you understand how crazy it is? We are almost on the verge of reaching a new record price.

Davis also mentioned that the market outpaced the May and June price drop in a period of “build-up discovery.” The popular analyst said long-term holders are contributing to a period of massive price expansion on the horizon.

He went on to say the current market was a “complete anomaly” as the build-up occurred during a relatively bullish period. Davis predicted that next year would be “totally crazy” for the price of Bitcoin as the accumulation period continues to peak.

Davis also discussed the trend in positive investor sentiment towards Bitcoin, saying the mood could continue until the end of the decade. He predicted that the price of Bitcoin would continue to climb to $ 100,000 and beyond, claiming it could even climb to $ 1 million by the end of this decade:

“We are in a period of increased purchasing. Everyone wants to get on the train now. Everyone is watching, thinking, ‘Holy cow, it’s real, it’s really going to happen. Bitcoin will go up to 100k, 200k, 300k, 400k… It will go up to 500k, maybe even a million dollars by the end of the decade ”. 2022 is going to be a good year. Really, I would like to add to that, this decade is going to be a hell of a decade. ”

Disclaimer

The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading crypto-assets carries a risk of financial loss.

Image credit

Image by Bastian Riccardi from Pixabay

[ad_2]