Bitcoin continues to attract attention as it hits a new record price and heightened market activity.
Bitcoin Reaches a New Record
Bitcoin has reached a new all-time high, setting its price at $113,739.03, which generates optimism among investors. Increased trading volume indicates ongoing interest and opportunities for profitable investments. Alongside Bitcoin, altcoins like AD, DOGE, and AVAX are also showing notable gains.
Analysts' Views on Bitcoin's Future
Roman Trading, an analytical firm, predicts the end of the bullish phase based on their analyses. Despite previous misjudgments, the analyst believes Bitcoin could peak at $120,000 before facing a correction below $90,000. 'Looking at Bitcoin’s weekly chart, I'm convinced we are at the end of this bull run,’ he noted.
Current Trends in the Crypto Market
Despite some analysts warning of potential declines, others forecast further growth for Bitcoin, aiming for $130,000. Pentoshi emphasizes high rates on Coinbase and demand in the U.S. as key growth factors. Meanwhile, the $110,000 level remains a crucial support line, with expected activity around daily trading closures.
The cryptocurrency market remains dynamic, with analyst predictions ranging from optimistic to cautious. Observers are closely monitoring Bitcoin's movements as it approaches new highs.
