Bitcoin is showing no signs of stopping its advance toward $100,000, and several altcoins look poised to follow.
Bitcoin Price news
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.
Since Bitcoin broke past its March high of $73,679, Bitcoiners have pulled $20.4 billion in realized profits, but Glassnode believes “further gains” may be on the horizon.
Bitcoin hit $90,000, but holding it is proving to be a challenge. Cointelegraph explains why.
Bitcoin has notched another major milestone, topping $90,000 for the first time following the election of Donald Trump as the next US president.
The last time the Crypto Fear & Greed Index had a score of 80 was on April 9, just before Bitcoin saw an over 18% correction over the following three weeks.
In comparison, Bitcoin’s second-best daily gain occurred in August 2021, when the price rose over $7,576 in 24 hours, from $38,871 to $46,448.
The US banking crisis is what catalyzed the 2023 bull run, according to BitMEX’s Arthur Hayes.
Veteran trader Peter Brandt says Bitcoin is following a similar pattern from its past, which could lead to a $125,000 BTC price by New Year’s Eve.