
Title: $50K or $135K, Analysts Remain Divided on Next BTC Price Target
Analysts are split in their predictions regarding the future direction of Bitcoin’s price. Some experts believe that the cryptocurrency will reach as high as $135,000, while others argue it may plummet to just $50,000.
One prominent analyst is Katie Stockton from Fairlead Strategies, who has projected that Bitcoin could potentially rise to a staggering $135,000 based on technical breakout patterns. Furthermore, inflows into spot Bitcoin ETFs have remained strong, indicating robust institutional demand for the asset.
Additionally, Markus Thielen from 10x Market Research has echoed this sentiment by stating that Bitcoin could reach a whopping $133,000 within the next two months and potentially even surpassing $160,000 at year-end. This optimism is fueled by the cryptocurrency’s historic performance following similar breakout signals in the past.
Source: www.coinspeaker.com