Bitcoin Exceeds Above $93k: Are New Records on the Way?
An interview with CNBC, Matthew Sigel said that Bitcoin could break new records in the coming period. Stating that the market is in a resistance-free zone, Sigel pointed out a similar upward trend in 2020. At that time, Bitcoin gained 30% in value. Now he predicts that a similar rise may occur.
Bitcoin exceeding 88 thousand dollars created great excitement in the cryptocurrency market. Experts predict that the Bitcoin rally may continue and new records may be broken.
What's Next for Bitcoin Exceeding its ATH?
Experts state that increasing institutional interest and rising transaction volume support the rise of Bitcoin. This increase in market participation indicates that stable growth can continue. He predicts that Bitcoin could rise to $100,000 or above by the end of this cycle.
Investors need to keep in mind that the cryptocurrency market has high volatility and risks.
