The crypto space is flooded with all kinds of optimistic predictions about the price of Bitcoin.

The much-awaited event is set to take place in 14 days from now, and the crypto enthusiasts are expecting massive price moves in the crypto market.

A new BTC bull cycle is on the way

Market analyst and podcaster Preston Pysh said that he believes that there’s a Bitcoin bull cycle on the way that will take the crypto above $100k.

At the moment of writing this article, BTC is trading in the green, and the coin is priced at $7,760.43.

In a recent interview, he pointed out to the BTC halving, and he called the event, a catalyst for a parabolic rally that could bring BTC to $300k.

“Do I think that it’s just going to up to [$100,000] and stop? Hell no. It’s going to go straight through that number. It’s probably going to go to $200,000 to $300,000,” he explained.

He continued and said, “And then, if it doesn’t meet its escape velocity, which is a whole other term, which is, in my opinion, completely dependent on all this other macro stuff that we’ve been talking about… then it’s going to come back to that $80,000 to $100,000 mark. And it will stay there until the next four-year halving event.”

He also had a few things to say about the “real economy”:

Stay tuned for more fresh news in the crypto market.

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