Crypto News- In a recent YouTube interview conducted by Altcoin Daily, cryptocurrency analyst and Onchain Capital’s co-founder and CEO, Ran Neuner, shared his apprehensions regarding a potential significant correction in Bitcoin’s (BTC) price.
Neuner’s concerns stem from the prevailing euphoria in the market, as he noted in a December post that “everyone is euphoric, everyone is rich, everyone is posting screenshots of their gains.” He considers this widespread enthusiasm to be a potential warning sign.
BTC Price Projections: 200,000 Dollars Targeted in the Next Bullish ‘Super Cycle’
Another red flag for Neuner is the substantial surge in altcoin leverage, reaching levels not seen since 2021. This heightened leverage indicates a high level of confidence in rising prices, with individuals borrowing money to enter the market an additional cause for concern in Neuner’s view.
During the interview, Neuner emphasized the growing euphoria in the market, suggesting that once leverage levels hit new highs, a correction becomes “almost inevitable.”
However, Neuner holds a contrasting optimistic view regarding BTC’s future after the halving and in the upcoming bull cycle. He sees this cycle as unique, aligning three crucial factors for the first time: the imminent BTC halving, increased demand driven by the potential approval of a BTC ETF by the SEC, and the convergence of the next bull cycle with the initiation of a new global liquidity cycle.
Expressing his optimism, Neuner even labeled this upcoming cycle as a “super cycle.” When asked about his BTC top prediction for the next bull cycle, he speculated that Bitcoin could target $200,000, proposing the possibility of a 3x increase from its previous high. As of the latest data, BTC was valued at approximately $41,881.52, reflecting a 0.66% decrease in the past 24 hours, with a weekly decline of over 4%, according to CoinMarketCap.
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