Analysts Evaluate Bitcoin's Prospects After New Record High

user avatar

by Giorgi Kostiuk

2 years ago

This week, Bitcoin hit a new all-time high. Analysts highlight the market's resilience against overheating and its potential for further gains.

Fundamentals and Analyst Opinions

According to Alex Thorn, Galaxy’s Head of Research, the Bitcoin market does not appear overheated from a fundamental perspective. Nansen analyst Aurelie Barthere concurs, emphasizing that surpassing the previous all-time high with heavy trading volume signals continued positive momentum.

Post-Election Bitcoin Interest Surge

Following Donald Trump's presidential election victory, traders have been eager to reinvest, contributing to the surge in crypto prices. Bitcoin's Open Interest in unsettled derivative contracts has also risen to new yearly highs. Meanwhile, steady funding rates suggest trader optimism.

Technical Forecasts and Economic Influences

Thorn believes Bitcoin and other cryptocurrencies will likely trade significantly above current highs over the next 12-18 months. Technical analysts predict Bitcoin could rally to $78,000 to $85,000. The U.S. Federal Reserve's recent rate cut may also positively influence crypto assets.

Bitcoin shows resilience and potential for further growth amid positive fundamental indicators and economic conditions. Analysts remain optimistic about its near-term prospects.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

US Treasury Department Moves to Cut MEXC Global from Financial System

The US Treasury Department has taken action against MEXC Global, a cryptocurrency exchange, to sever its ties with the American financial system due to accusations of facilitating over $16 billion in illicit transactions linked to Iran, North Korea, and Russia.

user avatarLucas Weissmann

Political Fallout from Ueno Bank Crisis in Paraguay

The Ueno Bank crisis has triggered significant political repercussions in Paraguay, including the resignation of President Santiago Peña and potential impeachment proceedings.

user avatarFilippo Romano

Greece Enhances Crypto Tax Transparency Measures

Greece will implement new reporting and documentation requirements for cryptocurrency purchases starting in 2027 to ensure funds come from declared income or lawful sources.

user avatarTomas Novak

Greece Introduces 10% Tax on Crypto Investment Profits

Greece introduces a 10% tax on individual crypto investment gains starting January 1, 2027.

user avatarEmily Carter

Gnosis Pay Implements Enhanced Security Measures Following Breach

Gnosis Pay has implemented enhanced security measures, including 3D Secure for online payments and increased fraud monitoring, following a data breach.

user avatarMaya Lundqvist

Gnosis Pay Reports Data Breach Affecting Customer Information

Gnosis Pay reported a data breach where hackers accessed customer information through its card system, prompting immediate containment measures.

user avatarKaterina Papadopoulou

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.