🔥 According to Cointelegraph: Economist Alex Krueger has predicted that Bitcoin may never fall below $60,000 again, citing a 50% chance of the prediction in a recent post. With Bitcoin currently trading at around $69,577, the prediction comes amid heightened interest in cryptocurrencies during the US elections. Krueger’s analysis suggests that $60,000 could serve as a new psychological and economic floor for Bitcoin (BTC).
🔥 In the post-election climate, analysts are predicting a potential rally for Bitcoin to new record highs. Bitfinex analysts are predicting that Bitcoin could surge to $80,000 by the end of 2024, driven largely by the structure of the options market and a potential Republican presidential victory. This market optimism underscores Bitcoin’s growing resilience and investor confidence.
