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Bitcoin May Break Past $100K Soon, Says Analyst
In a recent analysis, an expert has predicted that the price of Bitcoin (BTC) may surge past the $100,000 mark in the near future. This prediction is based on the token’s resilient signals and investor confidence.
According to data from CoinMarketCap, Bitcoin’s current trading price is around $97,050, with over 254,000 BTC remaining untouched for more than 155 days. It appears that many long-term holders are still willing to accumulate the token and hold even through volatility.
Furthermore, a significant number of investors have demonstrated their confidence in the cryptocurrency by locking in over 14 million XRP (Ripple) in automated market maker (AMM) pools amid renewed interest. This is seen as a sign of increased participation in the cryptocurrency’s growth.
The analyst suggests that if Bitcoin can neatly cross the $100,000 mark, it will open the path for new price levels to be discovered above this level.
In related news, Ripple and XRP have been making headlines recently after securing partnerships and announcing significant updates.
Source: https://u.today/bitcoin-may-break-past-100k-soon-says-analyst
