Analysts generally predict that the price of Bitcoin will remain stable at around $102,600-$102,800 for the rest of the day. This is due to the current high interest in the asset after it reached an all-time high of over $100,000. Key factors supporting this price include:
Institutional Investments: Large-scale investments through ETFs and increased demand from large investors.
Favorable macroeconomic conditions: Lower interest rates in the US and growing confidence in the cryptocurrency market.
Technical consolidation: The market experiences a "psychological" barrier in the range of $100,000, which slows further growth.
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Some analysts, including SwyftX's Pav Gundal, note that Bitcoin may remain in this range for the rest of the day, with a possible slight up or down swing due to market activity in the final hours of trading.
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However, the price of a cryptocurrency can change due to sudden news or large market orders. If you actively follow the market, pay attention to real-time updates.
