CandleFocus Bitcoin to Overcome $100K Despite Pullback, Has Plenty of More Room Before Topping: CryptoQuant
2024-11-28
Author: Content Editor
Crypto analytics firm CryptoQuant believes that Bitcoin's recent pullback from the $100,000 level is just temporary and the cryptocurrency will eventually surpass this level and reach even higher prices. The firm's data metrics indicate that Bitcoin is still in a bull market but is not yet overvalued. Retail investors have been selling off Bitcoin, while large investors have been increasing their holdings, suggesting that new investors are not rushing into the market. Despite the recent setback, CryptoQuant analysts expect Bitcoin to surpass $100,000 in the future and potentially rally to at least $147,000 before reaching a market cycle top.
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