Bitcoin is currently exhibiting significant strength above the $95,000 mark, with technical indicators suggesting a potential upward move towards the $98,000 to $100,000 range. Traders should note the key resistance levels at $97,000 and $98,800, while support levels are established at $95,500 and $94,500.
Charles Hoskinson, a prominent figure in the cryptocurrency community, predicts that Bitcoin might escalate to between $250,000 and $500,000 within the next 12 to 24 months. This optimistic outlook is driven by increasing institutional inflows and deeper integration of Bitcoin into the DeFi sector.
The considerable rise of 33% in Bitcoin’s value highlights its robust performance in the current market environment, further reinforcing the credibility of bullish predictions. Investors are closely monitoring these developments as they chart potential investment strategies.
