Flagship cryptocurrency Bitcoin, which has been struggling since the start of the year, is now believed to rally 10x. Chinese crypto whale Wei Zhao claimed that Bitcoin could surge to $500,000 by the end of this year.
While the $500K target is still uncertain, Wei Zhao says the current setup looks similar to past moments when Bitcoin rose far beyond expectations.
For now, Bitcoin is trading near $71,000, far below that level.
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