Early Bitcoin adopter Jeremy DaVinci predicts Bitcoin price could hit $140,000 in three months

According to U.Today, early Bitcoin (BTC) adopter Jeremy DaVinci shared his insights on Bitcoin’s potential price trends. Despite Bitcoin’s pullback earlier this month, DaVinci said that Bitcoin’s price has closed above the upper Bollinger Bands indicator for two months in a row. He said that the last time this happened, the price jumped 2x within two months of confirming the setup. DaVinci believes that the price of Bitcoin can reach $140,000 in three months, a bullish prediction that is reminiscent of predictions by other market experts. While Bitcoin price predictions are not a straight line and market influences will have an impact on them, there are some market triggers that can help bring bullish predictions to fruition. The spot Bitcoin ETF market tops the list of bullish factors surrounding the underlying cryptocurrency. ETF issuers have been snapping up remaining BTC on crypto trading platforms due to massive capital inflows, triggering a supply squeeze that is good for prices. The planned Bitcoin halving event later this month adds another bullish dynamic to BTC price momentum. Reduced issuance will replenish supply and prepare for growth over the longer term.