The market remains confident about the long-term price of Bitcoin. Standard Chartered Bank predicts that Bitcoin may hit a record high in August and reach $100,000 in the US presidential election in November. The bank's analysts expect Trump's victory to push up Bitcoin prices, while maintaining the target price of $150,000 and $200,000 for Bitcoin by the end of the year and 2025, respectively. Fundstrat co-founder Tom Lee also insisted on his prediction that Bitcoin will reach $150,000.
Since June 24, the price of Bitcoin has fallen from the $64,000 range to $59,000 twice. "It's too hard to make money" and "I'm sorry for my family" are discussions that often appear in the community this month. For retail investors, this bull market is really too difficult.