CandleFocus Bitcoin is Soaring: So What Do Analysts Expect Next? Up or Down?
2024-09-14
Author: Content Editor
Bitcoin and Ethereum have experienced a surge in value, with Bitcoin nearing $60,000 and Ethereum reclaiming the $2,400 level. The increase in Ethereum's network activity has resulted in a nearly 60% rise in transaction fee revenues. Analyst Bob Loukas suggests that Bitcoin's rally may continue, with potential for new highs before a potential pullback. However, a report from Ryze Labs warns that concerns over a possible recession could impact the market.
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