Bitcoin (BTC), the largest cryptocurrency on the market, has again taken the lead in the crypto landscape. In addition, the resulting outflows of over $600M from the primary market of the digital asset ecosystem in the last 24 hours. However, this time it comes with a sense of caution among investors triggered by macroeconomic data, particularly from US FED.
Against this backdrop, renowned analysts and technical experts have weighed in to share their insights and predictions on Bitcoin’s future trajectory. On a more optimistic note, Peterson noted that there is also a two-thirds chance that Bitcoin will finish the next three months with a 50% increment.
This projection places the median Bitcoin price path at $65,000 and potentially reaching $95,000 by October. Historical patterns indicate that these clusters often precede downside moves, leading to lower levels within the range.
As of now, at the time of writing this article, BTC is trading around $64,400 and is down by 1.8% in the last 24 hours and has a market capitalization of $1.27 trillion.