Analysts make bold predictions for Bitcoin amid the upcoming crypto summit featuring Donald Trump.
A 65% Increase on the Way?
Bitcoin (BTC) has stabilized in the $90,000-$92,000 range. Some analysts envision a new all-time high. Analyst Ali Martinez predicts a rise to $150,000 if BTC breaks past $97,000, based on the Pi Cycle Top Indicator.
Beware of the Crypto Summit
US President Donald Trump will host a crypto summit at the White House on March 7, sparking varied opinions in the industry. Regulatory frameworks and crypto future in the US will be discussed. Some warn of a 'sell the news' effect, where traders take profits after good news, leading to price drops.
Market on the Verge of Big Changes
While the summit discussions could boost BTC's price, market corrections are also possible. Analysts continue to monitor changes to provide updated forecasts.
The current cryptocurrency market situation remains uncertain with potential significant changes post-summit and new BTC highs. Investors should be ready for volatility and adopt a cautious approach.
