Bitcoin’s correction reflects investors’ inflation concerns and highlights the potential impact of future US fiscal policies.
Bitcoin Price news
Crypto analyst Jamie Coutts cautioned traders to “be careful” when margin trading Bitcoin, given the growing strength of the US dollar.
Bitcoin price surpassing $100,000 is within reach. The crypto laser eyes craze has turned from a delusional and flashy trend to a backed statement by actual fundamentals followed by some politicians.
The analyst’s predictions come shortly after Bitcoin staged the best weekly return since the 2023 US banking crisis.
Bitcoin ask liquidity waits at $95,000, but analysts are already anticipating six-figure BTC prices sooner rather than later.
Bitcoin’s ability to reach and hold the $100,000 level will be influenced by the upcoming $11.8 billion options expiry.
Data suggests Bitcoin’s all-time high rally to $93,400 is far from over.
Bitcoin is showing no signs of stopping its advance toward $100,000, and several altcoins look poised to follow.
With Bitcoin rallying almost 30% in the last week, analysts are now setting their sights on where they expect BTC to end the year.
Bitcoin needs to take stock of recent gains, say market participants, as bulls see repeated rejections at $90,000.