Bitcoin is currently trading at $108,857.57, with a slight increase in value. Here's what's happening in the Bitcoin world today ¹:
- *Price Movement*: Bitcoin slipped below $110,000 amid profit booking but has been hovering near this mark due to institutional interest and steady ETF inflows.
- *Market Sentiment*: Analysts view the current dip as consolidation, with support at $105,200 and resistance at $111,000.
- *Regulatory Developments*: The US Senate considered a stablecoin bill, and there's optimism around regulation, which is supporting the bullish momentum.
- *Adoption*: Pakistan has allocated 2,000 megawatts of electricity for Bitcoin mining and AI data centers to monetize surplus energy and attract foreign investment.
- *Predictions*: Experts predict Bitcoin could surge to $118,000 soon, with some forecasts ranging from $150,000 to $500,000 or even $1 million in the long term.
- *Institutional Interest*: Companies like JPMorgan are allowing clients to buy Bitcoin ETFs, and Trump Media plans to raise $2.5 billion to invest in Bitcoin.
Some notable price predictions from experts include ²:
- *Adam Back*: $500,000 or even $1 million
- *Standard Chartered*: $200,000 by 2025 and $500,000 by 2029
- *Bernstein*: $200,000 during this bull run
- *Robert Kiyosaki*: $250,000 this year, with a long-term prediction of $500,000 to $1 million
Keep an eye on these developments for further insights into Bitcoin's price movement.
