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– Adam Buck, CEO of Blockstream, predicts that bitcoin could hit an all-time high over the Easter weekend.

His optimism is based on the closing of traditional markets, which could reduce selling pressure on bitcoin.

Beck cites the suspension of GBTC trading and lower underlying trading volumes on Coinbase as positive factors.

Adam Buck, CEO of Blockstream, predicted a positive future for bitcoin in post X. He suggested that bitcoin could hit an all-time high (ATH) during the Easter weekend. A key figure in the bitcoin community and clipperpunk, Buck is currently one of the main interlocutors of Satoshi Nakamoto, the enigmatic creator of bitcoin. His predictions came at a time when the cryptocurrency market is eagerly awaiting the next big move.

Mr. Beck’s optimism stems from several key factors that could contribute to the bitcoin price. He noted that traditional markets, including those trading BTC-based stocks, will remain closed during the holidays. According to Beck, this situation could prevent potential sales from negatively impacting the price of BTC. The lack of activity in traditional markets could create a stable environment for bitcoin growth.

Beck cited the suspension of GBTC trading due to market closures as one of the reasons for the potential price increase. This suspension could reduce the selling pressure on bitcoin, which would favor bitcoin’s growth. He also cited previous incidents where Coinbase faced crashes. Such a problem will not arise this weekend, as the volume of major trades is expected to be lower. Such stability is necessary to maintain positive price momentum.”

Mr. Buck also clarified that bitcoin only needs to make three consecutive $1,000 daily candles to surpass the previous ATH of $73,750, which was recorded on March 14. Given the current market dynamics and reduced selling pressure, this goal seems achievable. He concluded his prediction with a reference to the new movie “Dune,” suggesting that patience can lead to great results, similar to the slow and steady approach shown in the movie.

Since Beck’s predictions, market participants and cryptocurrency enthusiasts have been watching developments closely. His analysis and the unique timing of the potential surge has generated widespread interest in the crypto community, and if BTC reaches a new ATH, it will not only confirm Beck’s prediction, but also demonstrate strong market sentiment in favor of digital currencies.

The factors noted by Beck paint a picture of a market ripe for major price movements. The trajectory of BTC prices over the Easter weekend is being watched closely as traditional markets have taken a pause and certain conditions have leveled off. Stakeholders are eagerly waiting to see if cryptocurrencies can capitalize on this opportunity and set new standards for their valuation.

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Maxwell particularly enjoys writing articles about blockchain and cryptocurrencies. He started blogging in 2020 and subsequently focused on the world of cryptocurrencies. His life’s work is to introduce the concept of decentralization to people around the world.