CandleFocus Bitcoin Price Prediction: Can BTC 2x to $200,000?
2024-12-18
Author: Content Editor
Bitcoin recently reached a new high of $108,000, with President-elect Donald Trump and Russia considering implementing a Bitcoin Strategic Reserve. Matthew Tuttle, CEO and CIO of Tuttle Capital Management, attributes Bitcoin's surge to the approval of a spot Bitcoin ETF and Trump's pro-crypto stance. He remains confident in Bitcoin's long-term prospects and plans to buy on any dip. Tuttle believes the $100,000 price level is key support, and if Bitcoin stays above it, it would be positive. He predicts Bitcoin could continue to rise, potentially reaching $200,000 next year. Tuttle expects central banks and corporations increasing their involvement in Bitcoin to be the key drivers, which could also impact stock prices positively.
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