Bitcoin’s price has dropped over 8% in the past two weeks to around $65,200, but analysts expect a rebound to $72,000-$74,000 and potentially above $100,000 by late 2024.it trades at around $65,200 , a 12% decline from the all-time high registered in mid-March this year.
Nonetheless, prominent industry participants and analysts expect a rebound in the near future. One example is Crypto Rover , whoTitan of Crypto chipped in, too, envisioning a potential rally above the $100,000 milestone before the end of 2024. The analyst based their forecast on the BTC halving, whichthat BTC might yet reach its cycle top, assuming it mirrors its performance in past bull runs. The analyst believes the price might peak around December 2024 or by October 2025.
into the ecosystem, suggesting that traders are either opening new positions or adding to their existing ones. However, it can also signal the opening of new short positions, which could result in a price decline due to the increased selling pressure.an all-time high at the start of June. Despite the retreat in the following days, the indicator is still not so far from its peakBest AI Crypto Coins in 2024: Top 9 Projects to WatchOne Weekly Email Can Change Your Crypto Life.Disclaimer: Information found on CryptoPotato is those of writers quoted.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »