Money
Bitcoin faces volatility as analysts predict major price shifts
Bitcoin faces potential crash amid significant price fluctuations, as analysts predict a $50 trillion market shift
Bitcoin faces potential crash amid significant price fluctuations, as analysts predict a $50 trillion market shift
– Bitcoin dropped nearly 10% this week, raising concerns about a market collapse amid Trump’s predictions.
– Analysts suggest bitcoin could rise past $116,100 but drop below $98,300 may indicate bearish trends.
Analysts from B2BInPay indicate bitcoin is near a crucial price point, potentially poised to move higher if it surpasses its previous peak of $116,100.
However, a drop below $98,300 could signal bearish trends.
The recent price dip has been linked to Galaxy Digital, led by billionaire Mike Novogratz, transferring approximately 10,000 bitcoins worth $1.2 billion to exchanges.
Major Predictions
Novogratz remains optimistic, suggesting bitcoin could reach $150,000 if supportive Federal Reserve policies continue.
Meanwhile, veteran investor Dan Tapiero has announced a new $500 million fund, projecting the total value of crypto markets could balloon to $50 trillion over the next decade, driven by advancements in policy and regulations.
