Famous analyst and economist Alex Krüger is optimistic about Bitcoin's short-term peak, expecting the cryptocurrency to reach new all-time highs. Krüger also highlighted the Core (CORE) token, projecting a 3 to 4 times increase from its current price levels.

Addressing a large following on a popular platform, Krüger predicts a new rally for Bitcoin and points out the uptrend in some altcoins. He expresses confidence in Bitcoin's price chart trend, anticipating new peaks in the short term.

Krüger recently emphasized the importance of Bitcoin investments for traditional finance portfolio managers, giving them three options: buy Bitcoin now, buy Bitcoin later, or risk underperforming in the future. This perspective reflects the growing acceptance of Bitcoin as a valuable asset within traditional finance.

Bitcoin is currently trading at $69,706, having seen a 1 percent decrease in the last 24 hours.

Analyst’s Comments on CORE

Aside from Bitcoin, Krüger highlighted CORE, the main network asset of the Core network utilizing a hybrid consensus mechanism called satoshi plus. He expects a significant breakout for CORE, predicting a 3 to 4 times increase in the short term.

CORE, an altcoin in the Bitcoin ecosystem, is currently trading at $2.70, showing a 63.80 percent increase in the last 24 hours. With an initial trading price of $1.61, Krüger's forecast suggests a target range of $4.80 to $6.45 for CORE.

The information in this article was originally published on COINTURK NEWS: Analyst Alex Krüger Predicts Bitcoin Rally and Highlights CORE Token