Bitcoin is at a turning point that could shape its price for the rest of the year. After a dip to $56,000, it’s back above $60,000.
Analysts Predict a Surge
Some experts believe the Bitcoin bull run is just getting started. They expect it to rise above $74,000 soon.
Impulse Waves Signal a Big Jump
According to one analyst, Bitcoin’s price pattern over the past year and a half suggests a jump to $90,000-$100,000.
What’s Next?
Bitcoin is currently trading at $63,275. Analysts believe it needs to break above $63,488 to continue its upward trend.
Grayscale’s Impact
The launch of Spot Bitcoin ETFs in the US has sparked optimism among investors. Grayscale’s GBTC recorded its first day of inflow, totaling $63 million. This could potentially trigger a new bull run for Bitcoin.
