Top Crypto Analyst Says Bitcoin Could Retest All-Time High, 'If It Holds Above $69K'
Portfolio Pulse from Benzinga Neuro
Crypto analyst Michaël van de Poppe suggests Bitcoin could retest its all-time high if it remains above $69K. Currently, Bitcoin is trading at $70,773.87. Van de Poppe's insights come amid a significant rally in Bitcoin, with the crypto community closely watching its performance. The potential for Bitcoin to hit $125,000 before 2025 is discussed, alongside warnings from Arthur Hayes about a possible market firesale due to the Bitcoin halving and Federal Reserve policies.
April 09, 2024 | 11:55 am
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Bitcoin's potential to retest its all-time high is contingent on maintaining a price above $69K, with current trading at $70,773.87. Predictions suggest a possible rise to $125,000 before 2025, amidst market optimism and cautionary advice.
Michaël van de Poppe's analysis and the current trading price of Bitcoin above the crucial $69K mark suggest a bullish outlook for Bitcoin in the short term. However, the mention of potential market volatility due to external factors like the Bitcoin halving and Federal Reserve policies introduces a note of caution. The prediction of Bitcoin potentially reaching $125,000 before 2025 adds to the asset's positive short-term outlook, assuming it maintains its key price level.
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