Bitcoin’s potential journey to the $1 million milestone may not come in the dramatic fashion many investors envision, according to PlanC.
Bitcoin surged to an all-time high above $124,000 on Thursday, igniting speculation that it could soon rival Apple’s $3.4T market cap.
The crypto market witnessed heavy liquidations, with over $500 million in long positions wiped out as Bitcoin price slipped below $116,000.
Crypto investors may be underexposed to Bitcoin upside, even as option traders grow increasingly bullish, according to Markus Thielen.
Bitcoin reclaimed the $106,000 level on Monday, recovering from a brief drop below $98,500 the day before.
Bitcoin briefly dropped below the $100,000 mark for the first time in over six weeks following tensions between the U.S. and Iran.
Bitcoin is showing signs of strong resilience as it trades just below its ATH and the ongoing sell pressure may soon disappear entirely.
While Bitcoin ATH appears within reach, analysts warn that the cryptocurrency may struggle to push higher without a meaningful catalyst.
Despite increasing global trade frictions, Bitwise remains confident that Bitcoin will hit $200,000 by the end of 2025.
Bitcoin traders are watching a crucial price zone as the world’s largest cryptocurrency hovers around $96,220.
With the U.S. presidential election just days away, crypto market watchers anticipate a volatile period for Bitcoin.
Bitcoin's price faces renewed pressure as one of its most vocal critics, Peter Schiff, predicts BTC will dip below the $58,000 mark.
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