Bitcoin ‘Back On Radar’ To Hit $80,000, Then New ATH, Analyst Says
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Bitcoin has experienced a price rise in recent weeks, boosting trader confidence despite market volatility. Ethereum ETFs have increased market liquidity, indirectly affecting Bitcoin. Positive sentiment toward Bitcoin is at its highest since March 2023, with the price nearing an all-time high of $66,882. Analysts like Captain Faibik predict Bitcoin could surpass the $70,000 resistance level, potentially reaching $80,000 by August. Short-term indicators suggest a positive trend, with forecasts indicating a 45% increase over the next three months. Investors are preparing for a potential resurgence as the market responds to several positive signals and increasing demand.
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