Optimism floods the market of #BTCâď¸ . đ Analysts see a clear path to $98,000 and even beyond after showing great resilience post-correction.
Why this bullish sentiment? Here are the key points:
â Favorable Technical Analysis: BTC is building a solid base. Overcoming the key resistance near $97,750 could open the door to $98K and then to $100K. Watch the charts!
đ Market Sentiment at 'Greed': The Fear and Greed Index is rising, a sign of growing confidence and optimism among investors. 'Greed' is back!
đ° Unstoppable Institutional Adoption: Large institutions continue to enter strongly thanks to #BitcoinETFs . This injects capital and credibility into the market.
đ Favorable Macroeconomics: Possible interest rate cuts and a weaker dollar could boost risk assets like BTC, which acts as a store of value.
đ Impact of the 2024 Halving: The halving of the mining reward has reduced the supply of new Bitcoins, a factor that historically precedes significant price increases.
In summary: The combination of positive technical signals, bullish market sentiment, and solid fundamentals (institutions, macro, halving) points to #BTC potentially reaching $98,000 soon. Some analysts even project much higher prices by the end of 2025 ($120K - $250K).
đ¤ Do you think #Bitcoin will reach $98,000 this time? Leave your opinion in the comments! đ
Important!
* Legal Notice: This article is not financial advice and everyone should research on their own!
