$92K dip vs. 'short-lived war' — 5 Things to know in Bitcoin this week
As Bitcoin enters the last week of June, traders anticipate new lows as liquidity shifts toward the $90,000 mark. Recent geopolitical developments in the Middle East triggered rapid market reactions; however, analysts note that no long-term conflicts are currently being priced in. The Federal Reserve will release crucial inflation data shortly after intense testimonies from Chair Jerome Powell amidst growing scrutiny. Bitcoin's dominance is approaching points historically linked to altcoin rebounds, suggesting a possible upcoming 'altseason.' Furthermore, some analysts predict a bullish 2025 for Bitcoin, projecting prices may exceed $200,000 based on recurring market cycles. Despite short-term pressures, Bitcoin's long-term growth is still strongly supported, with the potential for expansive gains as the market evolves beyond current volatility.
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