CandleFocus Bitcoin awaits ‘trigger to explode upwards,’ according to analyst
2024-09-16
Author: Content Editor
Bitcoin's performance has been lackluster recently, but it may soon see a positive change and experience exponential growth if it finds a catalyst. Renowned crypto market expert PlanB believes that Bitcoin is in the early stages of a bull market, but it needs a trigger event to push its price upwards. PlanB's chart shows Bitcoin's projected price of $100,000 by 2025, and he suggests that developments surrounding Donald Trump, such as his victory in the presidential election, could be the trigger that propels Bitcoin. Other analysts, like Robert Kiyosaki, also have confidence in Bitcoin's future performance. Bitcoin's trigger event could come from Trump's victory or the U.S. Federal Reserve cutting interest rates. However, doing thorough research before investing is essential in this sector.
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