Bitcoin is approaching a crucial Fibonacci level, leading experts to predict an impending breakout. There has been a positive shift in the market, as Bitcoin ETFs are experiencing net inflows of over $400 million, indicating a potential upward trend. MicroStrategy's significant Bitcoin purchase and plans for further acquisitions could contribute to the cryptocurrency's price increase. Strong bullish momentum suggests that the bull market may continue into 2025. Bitcoin's price targets are set at $94,000, $102,000, and $113,000, with ongoing purchases and ETF inflows potentially leading to a short squeeze. Bitcoin is currently breaking out of a symmetrical triangle pattern, which could result in a rise towards the $97,000 mark.
- Content Editor ( coinpedia.org )
- 2024-11-20
Why is Bitcoin Price Up Today? Bulls Break $92k, Eye $100k Next