Bitcoin will reach $142,000, says Craig Wright's sister

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While BSV’s Craig Wright (who claims to be Satoshi Nakamoto) criticizes ^[1] bitcoin, his sister (also a crypto trader) made a bullish case for Bitcoin. According to Lisa Edwards’ projection, the price of Bitcoin could reach $142,760 in a few years.

On 16 February, Edwards published a chart on Twitter ^[2]that appeared to predict the aforementioned price target with the help of trend lines.

Source: Trading View/Lisa Edwards ^[3]

Edwards explained ^[4] her prediction of Bitcoin’s future price with the help of “Elliott Waves ^[5]” (EW) principle, which forecasts trends based on investor psychology. She predicted that the asset would first reach $90,000 this May, after which, the price of Bitcoin will drop to $55,000 in January 2022.

According to Edwards’ price analysis, Bitcoin will hit the $142,000 range by March 2023. At the same time, Edwards stated ^[6] that the price of Bitcoin is most likely to “take some time with corrections in between,” before it reaches the said highs.

However, when one Twitter user asked ^[7]her about what would happen at the end of the so-called supercycle, Lisa Edwards believed that a “bear market” could follow.

Earlier, analysts at JPMorgan predicted that Bitcoin could surge ^[8] to $146,000 in the long term. Even Guggenheim Global Chief Investment Officer Scott Minerd continues to believe that the price of Bitcoin could

Bitcoin will reach $142,000, says Craig Wright's sister

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