The cryptocurrency market has recently shown a struggle between bulls and bears, leading to price fluctuations for Bitcoin. Experts are voicing predictions about potential price levels for Bitcoin.
Current Market Situation of Bitcoin
In the wake of the Israel-Iran conflict, Bitcoin's price has been moving within a narrow range. Anticipations from the Federal Open Market Committee (FOMC) regarding unchanged benchmark rates were confirmed, though the committee highlighted high inflation expectations. Simultaneously, data from QCP Capital indicates cautious positioning and expectations for short-term pullbacks.
Expert Price Predictions for Bitcoin
Robert Kiyosaki, author of 'Rich Dad Poor Dad', claimed that Bitcoin's price could hit $1 million by 2030. Other experts, including Cathie Wood and Arthur Hayes, agree that increasing institutional demand for Bitcoin positions it for significant moves. Lark Davis suggests that Bitcoin could reach $125,000, while a decline to $90,000 is also on the table.
Bitcoin Price Reaction to FOMC Events
Following the FOMC meeting, Bitcoin's price remained nearly flat, trading around $104,675. Trading volume has dropped by 13% in the last 24 hours, indicating decreased trader interest. CoinGlass data shows a slight decline in total open interest for Bitcoin futures as well, reflecting falling sentiment among derivatives traders.
The Bitcoin market remains uncertain, with potential price fluctuations in both upward and downward directions. Experts emphasize the importance of monitoring key levels and market influences.
