"Bitcoin $140,000, XRP $7"...What are the chances of crypto's May miracle?

▲ Bitcoin Cash (BCH), XRP / ChatGPT Generated Image

An analysis suggests that an unprecedented rally will unfold, with Bitcoin (BTC) breaking through $140,000 and XRP soaring to $7.

According to NewsBTC on April 23 (local time), virtual asset analyst RWA Investor predicted that Bitcoin and XRP would soon surpass their historical highs and record a parabolic rise. The analyst explained that this bull market is not merely wishful thinking but a result of psychological analysis, indicating that the time for investment capital to flow into the market in earnest is approaching.

RWA Investor forecast that Bitcoin would reach $140,000 and XRP would hit $7 by May. Based on wave theory, he analyzed that the market is currently at a critical inflection point, transitioning from a downtrend to an uptrend. He added that as capital that had been on the sidelines and 'bears' enter the market, the upward momentum would be maximized. In particular, progress on the US crypto market structure bill (CLARITY) and news of interest rate cuts are expected to be decisive catalysts for this rally.

Currently, the market faces uncertainty due to external variables. The conflict between the US and Iran has raised inflation concerns, making it highly probable that the Federal Reserve (Fed) will freeze interest rates for the time being to achieve its price stability target. However, as US President Donald Trump extended the ceasefire, showing his willingness to end the war, optimism is spreading throughout the market.

Another virtual asset analyst, Michaël van de Poppe, assessed that Bitcoin has already found its bottom. He analyzed that Bitcoin's fair value remains high, and the strong performance of the tech stock market, with the Nasdaq index setting new highs, is acting as a support line for the virtual asset market. He explained that once Bitcoin continues its upward trend toward $90,000 and then enters a consolidation phase, altcoins will begin to receive significant attention.

The virtual asset market is preparing for a new leap forward, monitoring macroeconomic indicators such as legislative developments and interest rate trends. All eyes of investors worldwide are on whether major assets, including Bitcoin and XRP, can secure a path toward historical highs. Market participants are advised to be aware of increased price volatility and closely watch whether the target prices suggested by analysts are achieved.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*