Bitcoin's price is on a precarious edge as analyst Geoff Kendrick from Standard Chartered highlights a crucial support level at $90,000. Should Bitcoin fall below this threshold, it risks dropping 10% to the low $80,000 range.
This potential downturn is influenced by overarching macroeconomic pressures and growing selling activity within digital asset markets. Despite these immediate risks, some analysts continue to forecast long-term gains, projecting Bitcoin’s price may rise to $200,000 by 2025.
The juxtaposition of near-term volatility and optimistic long-term forecasts represents the current climate of Bitcoin markets. Investors remain vigilant, eyeing major levels for strategic insight.
Źródło: www.thecoinrepublic.com ↗