What is expected from Bitcoin?

The leading crypto Bitcoin (BTC) has started to rise again after testing the $ 60,000 support in the previous days. Speculations that China is preparing to offer additional stimulus packages contributed to the rise in the BTC price.

Crypto analysts argued that BTC has gained strong momentum and that declines are not effective. According to analysts, buying pressure has increased in BTC recently and this pressure triggered the price increase.

BTC, which has been in the consolidation phase recently, is preparing for a potential price movement. Crypto experts predict that $BTC will continue on a sideways course for a while.

Analysts think that the consolidation phase will end after this potential breakout and BTC will reach $ 78,000. Crypto analyst Ali Martinez examined the price chart of BTC. Addressing his followers on X, Martinez emphasized that the leading crypto is consolidating between $ 60,000 and $ 66,000.

Martinez stated that BTC, which has been on the rise with the news from China, could start a bull run if it does not lose its momentum. The analyst targeted $78,000 for the bull in question.

AMBCrypto, which examined on-chain data, predicted that the BTC price would reach an all-time high. In the analysis, it was stated that the metrics pointed to $112,000.

The decrease in the amount of BTC in central exchanges, the continued accumulation of $BTC by spot ETFs and the beginning of the relaxation of global markets were evaluated as the factors of the bull.

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