Analyst: If Current Structure Holds, BTC Could Reach $155,000
According to ChainCatcher, as reported by Cointelegraph, Bitcoin's price rebounded strongly after briefly dropping to $107,000 and has now returned to the $110,000 level.
Despite facing macro challenges such as the release of Federal Reserve inflation data and rising bond yields, market sentiment remains positive. Exchange data shows a cooling in trading activity, but funding rates remain neutral, indicating healthy leverage levels that support sustainable growth.
Analyst BitBull stated that if the current structure remains solid, Bitcoin is expected to reach a new target of $155,000.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The White House is reviewing the proposed crypto asset reporting framework
Investment bank TD Cowen: SEC to enter a critical regulatory period, Chairman Atkins will lead crypto rulemaking
Bloomberg ETF analyst: Grayscale may launch its first Dogecoin ETF
Data: BitMine currently holds approximately 3.56 million ETH, with an unrealized loss of $2.98 billion.
Trending news
MoreCrypto prices
More
