Bitcoin Set for Major Surge, Analysts Forecast 40% Price Increase

Following the recent election of Donald Trump, Bitcoin and cryptocurrency markets are buzzing with optimism, as the new administration is expected to bring a friendlier stance toward digital assets than the previous one.

With Kamala Harris conceding, Trump’s win has already sent Bitcoin soaring by 8%, reaching $75,000—its highest since March. Many analysts see this rally as only the beginning of a potential price surge for Bitcoin.

Ki Young Ju, CEO of CryptoQuant, believes there is still room for Bitcoin to climb, possibly up to 40% in the short term.

New investors often hold $BTC through bear markets, enduring losses.

After about two years, it changes hands when pain eases. That time is now.

It could go up +30-40% from here, but not like the +368% we saw from $16K. Time to consider gradual selling, not all-in buying, imo. pic.twitter.com/hXRT6YBsxS

— Ki Young Ju (@ki_young_ju) November 6, 2024

As Bitcoin enters the ranks of the top 10 financial assets by market cap, Ju encourages investors to remain level-headed. He advises a gradual selling strategy to ease pressure as the market stabilizes.

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Ju further noted that Bitcoin’s cyclical patterns influence holder behavior, as new investors often endure bear markets before assets eventually change hands.

In a recent post, he highlighted that this period of “easing pain” could lead to a 30-40% increase but warned against expecting the same gains seen in previous bull runs.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.