On November 8th, the Federal Reserve announced a 25 basis point interest rate cut, which led to the U.S. Bitcoin spot ETF seeing net inflows of over $1.3 billion. Traders are confident in the future of Bitcoin, with Min Jung, an investment analyst, noting that $100,000 will likely be the next major target for Bitcoin.
Meanwhile, Alex Kuptsikevich, a senior market analyst, believes that Bitcoin could reach $100,000-$110,000 within the next 2-3 months. However, some traders warned of a short-term correction due to post-election market adjustments and policy uncertainty.
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<p>The post Bitcoin on the Rise: Analysts Predict 100000-110000 within 2-3 Months first appeared on CoinBuzzFeed.</p>
