Bitcoinx Bulls Revisit $100K Year-End Target as BTC Spikes Over $62K
“Regardless of the next 60 days, the bull market will continue along traditional four-year cycle lines with solid gains in October and November,” one trader said. Bitcoinx surged over $62,000 briefly before retreating, following a broad market rally that reversed steep losses from earlier in the week.
Some analysts predicted a $100,000 target for the cryptocurrency later this year.
The rally was influenced by favorable stock market sentiment and expectations of bitcoinx mirroring its past market cycles, with liquidated short positions contributing to the surge.
