In the last 24 hours, Bitcoin's price rose slightly amid E. Scaramucci's statements on its long-term prospect.
E. Scaramucci’s Stance on Bitcoin
Anthony Scaramucci, founder of SkyBridge Capital, remains confident that Bitcoin will eventually hit $100,000, although later than initially expected. Scaramucci attributes the delay to regulatory ambiguities and market conditions.
Bitcoin Price Analysis
Bitcoin currently trades at $60,779, crossing above the 50-day Simple Moving Average (SMA), which confirms the bullish trend. The Relative Strength Index (RSI) is also showing intense buying pressure at 55. If buying pressure continues, Bitcoin's price could overcome the 200-day SMA at $62,009, targeting $68,000.
Bitcoin Prospects
Scaramucci believes Bitcoin's fundamentals remain intact, with increasing institutional adoption being a bullish factor. However, if bears gain control, Bitcoin's price could fall to $56,747.
Bitcoin continues to draw market attention, with its future growth depending on a combination of market and regulatory factors.
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