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Bitcoin: Analysts say demand has returned

Bitcoin is flexing its muscles once again, having risen after dropping to its lowest levels at $74,000 earlier in April.

There is a general sense of optimism that Bitcoin (BTC) has returned to its upward trajectory, and it may see a massive rise in the coming months. Recently, Cathie Wood's Ark Invest predicted that Bitcoin could reach a value of $2.4 million over the next five years.

Alongside these long-term forecasts, CryptoQuant analysts published details indicating that Bitcoin's short-term performance is also likely to improve. They noted the return of demand for this benchmark asset, which many predictions suggest will reach between $150,000 and $250,000 by the end of the year.$BTC