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A pseudonymous analyst, Pentoshi, forecasts Bitcoin could hit $120,000 this month due to overwhelming demand from traditional finance firms. He also warns of a brewing crypto bubble, citing soaring valuations in recent IPOs like Circle.
- Pentoshi predicts Bitcoin could hit $120,000 this month due to strong demand from traditional finance (TradFi) players.
- Circle's (CRCL) IPO saw shares surge over 200%, signaling a potential crypto bubble in the making.
- The analyst advises a long-term outlook, noting that Bitcoin's upward trajectory may not always align with short-term expectations.
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