Bitcoin to rebound but at around 85000USD.Here's why...

Bitcoin has experienced significant volatility in 2024, reaching an all-time high above $100,000 earlier this year. Recently, it has faced a decline, trading around $95,000, influenced by factors such as the Federal Reserve's cautious outlook on interest rate cuts for 2025.

Analysts maintain a positive outlook for Bitcoin's future performance. Bitwise forecasts that Bitcoin could reach $200,000, with the potential to hit $500,000 if the U.S. government adopts a strategic bitcoin reserve. VanEck projects Bitcoin reaching $180,000 amidst significant volatility.

The recent price fluctuations are attributed to various factors, including the Federal Reserve's monetary policy and the anticipated pro-crypto stance of the incoming U.S. administration. President-elect Donald Trump's appointments of crypto advocates to key positions have bolstered investor confidence in the cryptocurrency market.

Despite the recent downturn, Bitcoin remains up over 100% for the year, reflecting its resilience and the growing institutional interest in cryptocurrencies. Investors should remain aware of the inherent volatility in the crypto market and consider their investment strategies accordingly.#MarketRebound #BTC