A prominent cryptocurrency analyst suggests that Bitcoin (BTC) could reach six figures before the end of the year as it navigates back to the $65,000 mark.
Crypto strategist Michaël van de Poppe informs his 725,400 followers on the social media platform X that Bitcoin might surge over 53% from its current price.
He posits that the Federal Reserve’s potential rate cuts and a rise in global liquidity are positive drivers for Bitcoin and other cryptocurrencies.
“Gold keeps climbing, and silver has reached its highest price point in ten years. Global liquidity is on the rise, and altcoins are just beginning to react. By the year’s end, Bitcoin could be trading between $90,000-$100,000.”
The analyst mentions that Bitcoin’s recent advancement to the $65,000 threshold sets it up for a possible breakthrough of its all-time high, which is around $74,000. He notes that numerous altcoins are already witnessing upward momentum.
“Bitcoin is on the verge of surpassing $65,000, kickstarting the path toward a new all-time high (ATH). Altcoins are poised to awaken further and may double their value.”
The analyst also adds that altcoins are likely to remain in an upward trajectory in the coming months.
“Altcoins are waking up significantly, but this is merely a prelude to what we are about to witness in the next six months. It’s going to be spectacular. It already is.”
At present, Bitcoin is priced at $65,929, reflecting a 1.3% increase in the past 24 hours.
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Disclaimer: The views expressed at The Daily Hodl are not investment advice. Investors should conduct their due diligence before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. Be aware that any transfers and trades are undertaken at your own risk, and any losses incurred are your responsibility. The Daily Hodl does not endorse the purchase or sale of any cryptocurrencies or digital assets, nor does it serve as an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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