In light of recent US inflation data, Bitcoin hit a new all-time high of $93,483. Experts anticipate further growth surpassing $100,000.
Market Reaction to US Inflation Data
Bitcoin reached a new record at $93,483 following the release of US inflation data. Despite expectations regarding inflation, monetary policy remained stable, allowing Bitcoin to maintain above the $90,000 mark.
Bitcoin Price Targets: $100k and $200k
Analysts like Quinn Thompson and Michaël van de Poppe suggest that Bitcoin could hit $100k in the coming weeks. Skew also identified $95k as a key supply zone based on exchange order book liquidity.
Analysts Predict Further Growth
CryptoQuant platform reported their indicators suggest Bitcoin could rise to $200k. The Top/Bottom Index is at 0.27, indicating significant growth potential.
Stable US inflation data supported Bitcoin, which shows consistent growth. Experts believe Bitcoin might soon surpass its significant record values.
