Bitcoin's current price is around $117,000-$120,090, with a 24-hour trading volume of $1.19-$1.2 billion. The cryptocurrency has shown strong bullish momentum, with some sources indicating it could reach $125,000 or even $135,000 in the near future.
Bitcoin broke above its previous all-time high, reaching $123,091.61 before retracing to around $117,000.The Relative Strength Index (RSI) is around 72.72, indicating temporary overbought conditions.Moving averages (20-day and 50-day EMAs) are showing bullish signals.
Market Sentiment:
Market sentiment is neutral to bullish, with some analysts predicting continued growth.Institutional adoption and blockchain advancements are driving factors.Regulatory developments and market volatility pose risks ¹ ² ³.
Price Predictions:
Some analysts forecast Bitcoin to reach $135,000 before entering an "adjustment phase".Others predict prices could range from $110,739.77 to $180,104.25 in 2026 and $132,983.52 to $204,462.17 in 2029 ¹ ⁴.Write to Meta AI
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