The summer season in the crypto market promises to be hot: Bitcoin has broken its own historical highs and, according to analysts, is ready for new heights. While the first cryptocurrency is targeting $200,000, in the shadow of the giant, the young but promising token XYZ is actively developing, aiming for an important milestone of $1 for meme coins.
BTC is receiving a bullish charge amid global optimism. After emerging from a prolonged consolidation phase, Bitcoin is showing rapid growth, having secured itself above $100,000. Increased interest from institutional investors, the launch of ETFs, and the adoption of favorable laws in the USA and several other countries have fueled the bullish trend.
Analysts do not rule out Bitcoin reaching the $120,000 mark by June, and by August, BTC could rise to $200,000 if the current pace is maintained. The activation of derivatives trading and record open interest in futures indicate that major players are ready to continue the rally.