Bitcoin has been on a roll again after dropping more than 10%. The crypto is marching towards new heights and we can have $100k level surpassed before halving event.
In this article, we will look at the bitcoin price prediction along with the weekly analysis and the news roundup.
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Bitcoin Price Prediction
BTC is currently trading at $70,422, maintaining its bullish momentum. Despite minor corrections, the overall trend remains positive. The recent surge above the previous all-time high (ATH) of nearly $69,000 from November 2021 signals robust market confidence.
This could be the next expected move.
Weekly Price Analysis
Over the past week, BTC has experienced a 13.13% price increase. This growth aligns with the approval of Bitcoin ETFs in January 2024, which propelled BTC to new ATHs in mid-March, surpassing $73,000 for the first time in its history.
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The Fear & Greed Index currently stands at 80 (Extreme Greed), reflecting strong bullish sentiment. Technical indicators support further growth, making it an opportune time for investors.
Conclusion
Bitcoin’s resilience and historical performance position it as a top asset class. As we move toward the end of 2024, BTC could potentially reach $90,000. However, always conduct thorough research and seek professional advice before making investment decisions.
This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research before making investment decisions.
For on-demand analysis of any cryptocurrency, join our Telegram channel.
