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Exclusive Bitcoin Price Prediction: $150K Bitcoin Dream Isn’t Dead Yet Despite Market Crash
The crypto market has recently witnessed a wild 24 hours. Bitcoin faced a sharp rejection after attempting to break above an important resistance zone. Following this, the price plummeted straight into a crucial buy zone, triggering liquidations across the market. In total, over $400 million worth of long positions were wiped out in just a day.
Analysts believe that if the situation between Iran and Israel worsens further, it could negatively impact global financial markets – whether stocks or crypto – causing a sharper decline. With concerns of a potential World War III escalating, investors rushed to the safety of gold and the US dollar, while riskier assets like Bitcoin and cryptocurrencies saw heavy selloffs.
Additionally, in the recent FOMC meeting, interest rates were not cut as expected. This paused the market’s momentum and dampened optimism for a quick recovery. A bull market might take a little longer to arrive. Amidst the current market uncertainty, investors are searching for a bullish spark to lift sentiment. Speculation is swirling about Bitcoin potentially surging to $200,000 or even $250,000 by the end of the year.
In an interview with Coinpedia, Jetking, an Indian company accumulating Bitcoin since 2022, stated, “We predict Bitcoin prices to be in the range of $140,000-$150,000 by the end of the year.”
Source: coinpedia.org
