Bitcoin's bullish momentum continues, with experts predicting a six-figure valuation for the cryptocurrency. Analysts have identified a cup-and-handle pattern, indicating a sustained rally with a target of $255,000. Other experts support this target and believe Bitcoin may surpass $200,000. The primary target is now breaching the $100,000 resistance. The recent rally has also seen a positive impact on Bitcoin mining stocks and companies investing in Bitcoin. Despite positive indicators, caution is advised due to the overbought territory of the 14-day Relative Strength Index. At the time of writing, Bitcoin is trading at $91,910.
- Content Editor ( finbold.com )
- 2024-11-13
Why Bitcoin's next bullish target could be $255,000