Capriole CEO Charles Edwards predicts Bitcoin could double in price after surpassing $100,000 due to the largest sell wall at this level. Historically, Q4 and Q1 yield substantial returns in Bitcoin's cycle, and ETFs are absorbing supply from the market. Edwards' base case prediction is $140,000.
Charles Edwards, CEO of Capriole, highlights the activation of the 'Hash Ribbons' buy signal, indicating a prime buying opportunity for Bitcoin. He discusses miner capitulation, regulatory shifts like the SEC's Ethereum ETF approval, and macroeconomic factors, setting a mid-term Bitcoin price target of $100,000.
