💥💥💥 #bitcoin☀️ on Track for Six-Figure ATH, Analyst Maintains Target
Bitcoin Eyes New All-Time Highs Amid Market Volatility
CryptoCon’s Bold Prediction:
- Despite market fluctuations, analyst CryptoCon is confident that Bitcoin will reach new all-time highs by late 2025. He bases this prediction on his “November 28th Cycles Theory,” which suggests that Bitcoin will hit a significant peak around late 2025, potentially reaching six figures. He views the March 2024 high as just the beginning, with the main rally expected in 2025.
Navigating Market Conditions:
- Veteran trader Peter Brandt notes Bitcoin’s uncertain direction, suggesting that a decisive move will depend on breaking key levels like the $74,000 resistance. Both Bitcoin and Ethereum exhibit similar technical patterns, keeping traders in a wait-and-see mode.
Bitcoin Holds Steady Amid Major Transfers:
- Despite recent transfers linked to the defunct Mt. Gox exchange, Bitcoin remains around $60,000. Mt. Gox has moved significant $BTC amounts, including a recent $1.97 billion transfer, with more distributions expected. Bitcoin's price stability amid these transfers hints at resilience in the market.
Source - thecoinrepublic.com
