According to InvestAnswers, a well-known anonymous cryptocurrency analyst, the rate of Bitcoin is expected to rise by 54% in the near future, potentially reaching $45,000.
This prediction is based on a chart provided by K33, a research company that compares the current behavior of BTC to the bear market of 2018-2019.
The charts show many similarities, suggesting that Bitcoin could see significant growth.
InvestAnswers predicts that this pattern will repeat and Bitcoin will reach $45,000 by around May 20th, followed by a period of consolidation.
Despite a recent drop in the BTC rate, long-term holders are still confident about the future and are not selling their inventories.
Recent issues in the US banking sector and regulatory actions have contributed to Bitcoin’s rise, and if the crisis continues, it could become another growth driver for the cryptocurrency.
Other anonymous analysts, DonAlt and Cred, have also suggested that Bitcoin may rise to $40,000.