Bitcoin maintaining above $85,000 improves the price prospects for SOL, AVAX, SUI, and NEAR.
Bitcoin Price news
The United States government has the highest gold reserves in the world, with over 8,000 tons of the precious metal on its balance sheet.
Analysts continue to forecast a Bitcoin price target anywhere between $140,000-$500,000 during the current market cycle.
Bitcoin could still see “healthy cooling” before its trip to $100,000 and above, the latest BTC price analysis says.
Ether could drop another 50% against Bitcoin by the end of 2024 after entering a technical breakdown setup.
Bitcoin bulls have sealed BTC price all-time highs in US dollar terms but have yet to match macro asset records from 2021.
Expectations of improving economic policies under the Trump administration may drive Bitcoin’s price above $100,000 before the end of the month.
Bitcoin is witnessing a shallow pullback, but bulls still anticipate a rally toward $100,000 in the short-term.
Analysts say a “higher than normal influx of stablecoins to exchanges is just one sign that traders are preparing for the next leg of the Bitcoin rally.
Even a small allocation of Bitcoin in a traditional investment fund can be beneficial.