CryptoQuant CEO Ki Young Ju tips Bitcoin to finish the year at $58,974 but another analyst disagrees, saying a major pullback is unlikely.
Bitcoin news
The Bitcoin stacking firm has bought Bitcoin 42 times at a dollar cost average of $39,292, according to Bitcoin Treasuries data.
Bitcoin rallied 6.15% on Nov. 10 to reach another new all-time high of $81,358.
Bitcoin’s strong weekend rally to $81,000 could add more fuel to the current price action in ETH, SOL, SUI, and AAVE.
The United States dollar has lost approximately 96% of its value since the Federal Reserve Bank was established in 1913.
Bitcoin is on the road to deliver its best weekly performance since February following Trump’s reelection.
Ethereum’s market cap tops Bank of America, while the SEC weighs spot ETH ETF options and DeFi gains traction.
Bitcoin is well into price discovery, but that is not stopping market participants from predicting a snap BTC price comedown.
Bitcoin has broken the $79,000 price level for the first time and many traders are sharing the sentiment that “this is just the beginning.”
Bitcoiners don’t fear overvaluation the way stock traders do, says Bitwise Invest’s CEO, after Bitcoin reached new all-time highs this week.