Bitcoin won't go below $100K 'this cycle' as $145K target remains — Analyst
Bitcoin analyst BitQuant has predicted that the cryptocurrency will not fall below $100,000 for the remainder of the current bull market, maintaining a price target of $145,000. Despite Bitcoin recently dipping below $114,500, which marked an 8.8% decrease from its record high, BitQuant remains bullish and asserts that Bitcoin will not approach the $100,000 mark. He commented that the market trends, including news and interest rates, will not impact Bitcoin's price in this phase. Other analysts express a more cautious view, with concerns that a continued downturn could lead to prices near $97,000. Meanwhile, market sentiment indicates a possible cycle top of $250,000, but some traders are watching for liquidity shifts as they assess order-book activity. Thus, while optimism exists regarding Bitcoin's future trajectory, mixed sentiments from various analysts highlight the uncertain nature of market movements.
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