Bitcoin Could Hit $140,000 This Cycle, Says Analyst

Bitcoin is showing signs of a comeback, according to a leading crypto analyst. Jamie Coutts, the chief crypto analyst at Real Vision, believes that the number of active Bitcoin addresses is on the rise after a long slump. This is a major indicator for him, as it suggests growing interest and adoption of the cryptocurrency.

Coutts is bullish on Bitcoin’s future. He predicts that Bitcoin could reach between $147,600 and $184,500 this cycle, which would be a significant increase from its current price. He believes that the rising number of active addresses supports this prediction, as it shows that more people are using and interacting with the Bitcoin network.

Another crypto on the rise is Sui (SUI).
This layer-1 blockchain’s native token has seen a surge in price, gaining over 100% in the past month. Coutts believes that Sui could continue its upward trend, potentially reaching its all-time high. He explains that this is partly due to a phenomenon called “Fear of Missing Out” (FOMO), where investors rush to buy an asset that’s already performing well.

It’s important to remember that these are just predictions. The cryptocurrency market is highly volatile, and prices can fluctuate rapidly. Always do your own research and consult with a financial advisor before making any investment decisions.
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