In the past 24 hours, Bitcoin has nearly reached a short-term target of $125,000, temporarily dipping below $120,000.
Expected Bitcoin Price
Currently, $120,000 is considered a reasonable peak for BTC within this cycle. However, significant institutional demand and regulatory developments suggest even higher possibilities. Dr. Andre Dragosch anticipates loftier peaks, referencing a historical model that has previously predicted market tops. He mentions that if the model and historical data serve as accurate guides, Bitcoin could reach $140,000 to $150,000 in a short time frame.
Cryptocurrencies and ARB Coin
Ali Martinez recently highlighted ARB Coin's rise toward new highs after bouncing from a channel. Should the momentum continue, it could indicate a target of $0.51, with subsequent goals set at $0.66.
Market and Short-term Risks
One of the major short-term risks is the market’s assumption that former President Trump’s aggressive tariff threats would continue to be empty. While this has favored those reducing their positions since Independence Day, there might be a pivot driven by his ego and desire for reputation recovery, potentially causing market panic.
Thus, Bitcoin shows promising results amid external factor checks, but it's crucial to monitor changes in the market environment.
