As of January 8, 2025, Bitcoin ($BTC ) is trading at approximately $96,913, reflecting a 4.94% decrease from the previous close.
Cathie Wood of Ark Invest maintains a bullish outlook, predicting Bitcoin could reach $1 million by 2030, citing its inherent value and increasing adoption.
Technical analysis indicates a bullish trend, with the 50-day moving average rising, suggesting a strong short-term trajectory.
However, it's important to note that Bitcoin's price is highly volatile and influenced by various factors.
For a more in-depth analysis of potential bullish and bearish scenarios for Bitcoin, you may find the following video informative:
Please remember that cryptocurrency investments carry significant risk. It's essential to conduct thorough research and consider your financial situation before making any investment decisions.
