Here's a Bitcoin update:
Current Price
Bitcoin's current price is $103,365.77 USD, with a 0.37% decrease in the last 24 hours. The market capitalization stands at $2.08 trillion USD.
Recent Trends
Bitcoin has been consolidating above $100,000 amid a "risk-on" market fueled by the US-China trade deal, falling inflation, and optimistic investor sentiment indicators. Some analysts predict a surge to $110,000 or even $150,000, while others warn of potential corrections.
Market Analysis
¹ ² ³
- *Resistance Levels*: Bitcoin faces key resistance levels, which could push the price up or lead to rejection.
- *Accumulation*: Large Bitcoin investors, known as "sharks and whales," continue to accumulate coins, potentially setting the stage for a new all-time high.
- *Institutional Interest*: Banking giant UBS reports that high-net-worth clients in Asia are pivoting from US dollar assets toward gold, crypto, and Chinese markets.
Expert Predictions
Some experts predict ²:
- *$120,000 and then a 50% crash*: One analyst forecasts a surge to $120,000 followed by a 50% correction to $60,000.
- *$200,000 in 2025*: Toobit experts predict Bitcoin could reach $200,000 this year.
