The cryptocurrency market closes the week with losses as many assets show negative trends. However, Bitcoin, the largest cryptocurrency, continues to attract attention due to its forecasts.
Overview of Current Market Situation
This week, the cryptocurrency market experienced significant sell-offs, impacting most leading assets. Bitcoin, being the largest cryptocurrency, also faced a price dip, briefly falling below $104,000.
Bullish Predictions for Bitcoin
Despite the current downturn, one market participant remains optimistic. An analyst with the pseudonym TradingShot on platform X highlighted several bullish scenarios for Bitcoin in the near term.
Analysis of Bitcoin’s Potential Growth
The analyst suggests that the current bull cycle may continue until the last quarter of the year, opening up opportunities for reaching new all-time highs. He points out that Bitcoin has been in a consolidation phase since hitting its record of $111,970 on May 22, 2025.
Bitcoin remains a focal point for investors despite current losses. Predictions indicate that short-term bearish trends may shift to bullish ones, creating potential for Bitcoin to reach $240,000.
