This article is about blockchain, trading and technology news. Here is the summary:
Bitcoin (BTC) price has closed above $95,000 every day since November 27, indicating continuous buying pressure from investors. Ernst and Young consultants state that Bitcoin’s long-term price expectation for 2025 is high. Danny Marques emphasizes in a study based on past bull cycles that Bitcoin is targeted between $173K and $461K in 2025 according to Fibonacci extensions. Miners continue to hold on to their BTC. Technical analysis suggests that Bitcoin could reach higher prices by the end of 2024. Share your views in the comments.