{"id":390871,"date":"2024-05-09T22:00:32","date_gmt":"2024-05-09T16:30:32","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=390871"},"modified":"2024-05-09T15:33:09","modified_gmt":"2024-05-09T10:03:09","slug":"bitcoin-god-candle-coming-max-keiser-predicts-btcs-surge-to-220k","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/bitcoin-god-candle-coming-max-keiser-predicts-btcs-surge-to-220k\/","title":{"rendered":"Bitcoin &#8216;God Candle&#8217; coming? $220K price prediction could be next for BTC"},"content":{"rendered":"<ul>\n<li aria-level=\"1\"><em>Analyst Max Keiser forecasted Bitcoin&#8217;s rise to $220,000 due to a supply-demand shock.<\/em><\/li>\n<li aria-level=\"1\"><em>Current data indicated rising short-term bearish pressure.<\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Amid fluctuating market conditions, <a href=\"http:\/\/ambcrypto.com\/category\/bitcoin-news\/\" target=\"_blank\" rel=\"noopener\">Bitcoin [BTC]<\/a> traded at $61,512 at press time, marking a 1.4% decrease in the past 24 hours but maintaining a 6.8% increase over the week.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This period has not been without its challenges, as data from Coinglass <\/span><a href=\"https:\/\/www.coinglass.com\/LiquidationData\"><span style=\"font-weight: 400;\">revealed<\/span><\/a><span style=\"font-weight: 400;\"> that the past day alone saw 61,419 traders liquidated, culminating in $133.87 million in total liquidations. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This volatility underlines the fragile state of the market, yet it doesn&#8217;t dampen the spirits of some industry stalwarts.<\/span><\/p>\n<figure id=\"attachment_390874\" aria-describedby=\"caption-attachment-390874\" style=\"width: 2882px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/btc-black.png\"><img decoding=\"async\" class=\"size-full wp-image-390874\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/btc-black.png\" alt=\"\" width=\"2882\" height=\"827\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/btc-black.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/btc-black-300x86.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/btc-black-1024x294.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/btc-black-768x220.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/btc-black-1536x441.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/btc-black-2048x588.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/btc-black-1200x344.png 1200w\" sizes=\"(max-width: 2882px) 100vw, 2882px\" \/><\/a><figcaption id=\"caption-attachment-390874\" class=\"wp-caption-text\">Source: Coinglass<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">One notable voice, Max Keiser, a vocal Bitcoin advocate and former financial journalist, has reiterated his bullish stance on Bitcoin&#8217;s future. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Keiser took to his X (formerly Twitter) account to share his belief that Bitcoin could soar to the $220,000 mark, a prediction he has consistently been pushing out over the years.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This latest forecast is driven by what Keiser identifies as a crucial dynamic in the market: a \u201cdemand shock meets supply shock\u201d scenario, indicating a tightening of Bitcoin&#8217;s supply at a time of increasing demand.<\/span><\/p>\n<h4><strong>A deep dive into Bitcoin&#8217;s potential<\/strong><\/h4>\n<p><span style=\"font-weight: 400;\">Keiser <\/span><a href=\"https:\/\/x.com\/maxkeiser\/status\/1787849928557068574\"><span style=\"font-weight: 400;\">pointed<\/span><\/a><span style=\"font-weight: 400;\"> to the decreasing Bitcoin supply on cryptocurrency exchanges, which he notes are hitting all-time lows, signaling a \u201csupply shortage incoming,\u201d as stated by X user Vivek.\u00a0<\/span><\/p>\n<figure id=\"attachment_390876\" aria-describedby=\"caption-attachment-390876\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/bltc-black-white.jpeg\"><img decoding=\"async\" class=\"size-full wp-image-390876\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/bltc-black-white.jpeg\" alt=\"\" width=\"1200\" height=\"647\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/bltc-black-white.jpeg 1200w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/bltc-black-white-300x162.jpeg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/bltc-black-white-1024x552.jpeg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/bltc-black-white-768x414.jpeg 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/a><figcaption id=\"caption-attachment-390876\" class=\"wp-caption-text\">Source: Vivek\/X<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">This supply contraction, paired with growing demand, forms the basis for Keiser&#8217;s prediction of a &#8216;God candle&#8217; on Bitcoin charts \u2014 a dramatic price surge that could potentially elevate Bitcoin to the $220,000 level.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This isn&#8217;t the first time Keiser has projected such highs for Bitcoin. So far, it appears the Bitcoin advocate keeps predicting this price mark for the asset at any catalyst in sight.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Regardless, a closer examination of Bitcoin&#8217;s daily chart shows the asset gradually breaking structure to the downside over recent months, leading to liquidity accumulation at each structural break.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> Recently, Bitcoin surged to capture this liquidity at the top, which suggests that the asset is seeking a potential continuation of the downtrend, indicating bearish pressure ahead.<\/span><\/p>\n<figure id=\"attachment_390877\" aria-describedby=\"caption-attachment-390877\" style=\"width: 2770px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/btc-tv.png\"><img decoding=\"async\" class=\"size-full wp-image-390877\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/btc-tv.png\" alt=\"\" width=\"2770\" height=\"1496\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/btc-tv.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/btc-tv-300x162.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/btc-tv-1024x553.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/btc-tv-768x415.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/btc-tv-1536x830.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/btc-tv-2048x1106.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/btc-tv-1200x648.png 1200w\" sizes=\"(max-width: 2770px) 100vw, 2770px\" \/><\/a><figcaption id=\"caption-attachment-390877\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<h4><strong>Market data echoes bearish sentiments<\/strong><\/h4>\n<p><span style=\"font-weight: 400;\">Supporting this bearish outlook, <\/span><a href=\"https:\/\/studio.glassnode.com\/dashboards\/btc-adoption-trends\"><span style=\"font-weight: 400;\">data<\/span><\/a><span style=\"font-weight: 400;\"> from Glassnode revealed a decline in the number of active Bitcoin addresses and a slowdown in new address momentum.\u00a0<\/span><\/p>\n<figure id=\"attachment_390878\" aria-describedby=\"caption-attachment-390878\" style=\"width: 2130px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/btc-red-orange.png\"><img decoding=\"async\" class=\"size-full wp-image-390878\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/btc-red-orange.png\" alt=\"\" width=\"2130\" height=\"1098\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/btc-red-orange.png 2130w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/btc-red-orange-300x155.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/btc-red-orange-1024x528.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/btc-red-orange-768x396.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/btc-red-orange-1536x792.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/btc-red-orange-2048x1056.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/btc-red-orange-1200x619.png 1200w\" sizes=\"(max-width: 2130px) 100vw, 2130px\" \/><\/a><figcaption id=\"caption-attachment-390878\" class=\"wp-caption-text\">Source: Glassnode<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">This suggested that the market might be losing hope in a short-term bullish recovery, leading to a decline in these critical areas.<\/span><\/p>\n<figure id=\"attachment_390879\" aria-describedby=\"caption-attachment-390879\" style=\"width: 1595px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/btc-orange.png\"><img decoding=\"async\" class=\"size-full wp-image-390879\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/btc-orange.png\" alt=\"\" width=\"1595\" height=\"1236\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/btc-orange.png 1595w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/btc-orange-300x232.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/btc-orange-1024x794.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/btc-orange-768x595.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/btc-orange-1536x1190.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/btc-orange-1200x930.png 1200w\" sizes=\"(max-width: 1595px) 100vw, 1595px\" \/><\/a><figcaption id=\"caption-attachment-390879\" class=\"wp-caption-text\">Source: Glassnode<\/figcaption><\/figure>\n<hr \/>\n<p style=\"text-align: center;\">Read\u00a0<a href=\"http:\/\/ambcrypto.com\/predictions\/bitcoin-price-prediction\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Bitcoin\u2019s [BTC] Price Prediction<\/a>\u00a02024-25<\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">AMBCrypto <\/span><a href=\"http:\/\/ambcrypto.com\/ethereum-etfs-what-convinced-grayscale-to-withdraw-analysts-weigh-in\/\"><span style=\"font-weight: 400;\">recently reported <\/span><\/a><span style=\"font-weight: 400;\">that the recent market correction has led to a decrease in Bitcoin&#8217;s supply in profit, shaking investor confidence. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This trend is a clear indicator of the market&#8217;s skepticism about an imminent bullish turnaround, despite optimistic predictions from figures like Keiser.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Max Keiser predicts a significant rise in Bitcoin&#8217;s value, even as current market trends show some bearish signs.<\/p>\n","protected":false},"author":89,"featured_media":390896,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[35,360,66,3,4,20],"tags":[6427,6428],"class_list":["post-390871","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin-news","category-btc-trading-view","category-new-news","category-news","category-social","category-trading-view","tag-ambcrypto","tag-new-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Bitcoin &#039;God Candle&#039; coming? $220K price prediction could be next for BTC - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Max Keiser predicts a significant rise in Bitcoin&#039;s value, citing a &#039;God Candle&#039; amid a supply-demand 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