Bitcoin has been demonstrating impressive growth, reaching significant heights in the past two months. Analysts and traders remain confident in the cryptocurrency's further potential.
Current Bitcoin Cycle Analysis
Since October 13, Bitcoin has increased by 40% in value. Experts note that this growth occurs with reduced profit volume, remaining approximately at half of previous cycles. According to a Glassnode report, since the all-time high was updated on November 5, the realized profit volume has amounted to about $20.4 billion, which is almost half of the $3 billion per day at previous all-time highs.
Trader Optimism
Traders remain confident about Bitcoin's future prospects. Noted author Robert Kiyosaki stated that he will continue to buy Bitcoin until its price surpasses $100,000. Other investors, such as WealthSquad Chris, believe the current price of $89k is still a good deal.
Prospects and Expert Opinions
Future developments depend on many factors, including the economic situation in the US. Anthony Pompliano noted that there is currently a race between the growth of US national debt and Bitcoin's price. At present, Bitcoin's price has slightly decreased, trading at $87,534 according to TradingView data.
Despite fluctuations, Bitcoin continues to attract the attention of market participants. Many experts and investors believe that cryptocurrency has great potential for further growth.
