Bitcoin (BTC) has experienced losses in recent trading sessions, declining by 0.77% in the last 24 hours and 2.5% in the last seven days. However, analysts remain optimistic as they observe bullish patterns in some market metrics. Analyst Samson Mow believes Bitcoin could reach $1 million by 2025. The Bitcoin Rainbow Chart suggests a possible rebound, as it is still within the "Is this a bubble?" zone. The Relative Strength Index readings also indicate similarities to the 2021 cycle. Standard Chartered predicts further downward movement for Bitcoin, but also believes it could reach $500k by 2029 due to institutional adoption. Overall, buying Bitcoin at current levels could present significant opportunities for investors.



Other News from Today