Bitcoin is going to drop $BTC 31,000 ? or headed towards $100,000 ?*
here is some research based data
Bitcoin is currently trading around $54,590, following a recent drop from the $58,000 mark. The price action suggests a consolidation phase, with resistance at around $55,000 to $56,200. If Bitcoin struggles to break this resistance, it may experience further downward pressure. Analysts predict that the price could potentially drop to around $31,000 in the near term. However, long-term projections remain optimistic, with some expecting Bitcoin to rise towards $100,000 by 2025ă53â sourceăă54â sourceăă55â sourceă.For traders, it's a key time to watch market indicators, as this consolidation could lead to either a significant correction or a reversal toward higher prices.
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