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Bitcoin has been making waves in the crypto market lately, as it recently surged past the $107,000 mark and shows no signs of slowing down. The world’s largest cryptocurrency is setting its sights on a new target – $140,000.
According to recent data from Bitfinex analysts, momentum is starting to wane, indicating that the current rally may be coming to an end. Although this news might raise some red flags for potential investors, it also presents an opportunity for those who are willing to take calculated risks.
Bitcoin’s price action has been remarkable in the past three months, with a 41% increase since April lows of $73,273. Despite the recent surge, most long-term holders still find themselves deeply in profit and are expected to continue holding onto their assets unless there is a significant downturn.
Source: www.coinspeaker.com
