Bitcoin (BTC) eyes $20,000 this year if bulls remain intact

As inflation remains imminent, investors are turning to Bitcoin as an investment opportunity. After a rough week, where Bitcoin saw a massive drop in the price, it has been steadily rising and has finally recovered the previous losses.

The demand for BTC/USD is continuously rising which is indeed pushing its price higher. Top analysts predict Bitcoin will surge above $20,000 amid the current boom. If the bulls stay intact Bitcoin is aiming at a new all-time high.

There is room for Bitcoin to grow

Furthermore, founder of Data Dash Nicholas Merten suggests there is still space for the DeFi as well as the cryptocurrency sector to grow. Both markets are comparatively lower than other markets.

In Merten’s perspective, Bitcoin complies with all laws of an economical culture:

Merten further references stock to flow as evidence for a possible surge:

As per Merten and other cryptocurrency experts, a new bull run is brewing and once it receives an initial push, BTC will peak the chart and set a new high. Therefore, it is high time to invest in Bitcoin to reap massive profits.