A recent poll on social media indicates that Bitcoin enthusiasts are nearly evenly split on the cryptocurrency's future movement. About 50.2% of respondents predict Bitcoin will decline to $94,000, while 49.8% anticipate a rise to $114,000, exceeding its previous all-time high. Currently trading around $104,522, a descent to $94,000 would signify a 10% decrease, whereas reaching $114,000 would represent a nearly 9% increase. The current market sentiment is weighed down by geopolitical tensions impacting Bitcoin’s price, which recently fell following an escalation in international conflicts. As Bitcoin's price movement stabilizes, broader financial markets such as the S&P 500 also exhibit sideways trading. However, US-based Bitcoin exchange-traded funds continue to attract significant inflows, suggesting enduring interest amid uncertain market conditions. Analysts remain divided on whether a bear market is imminent, with some forecasting potential peaks and troughs in the coming months. As the cryptocurrency landscape evolves, investors are urged to conduct thorough research before making any financial decisions.

Source 🔗