Cryptocurrency markets are trading higher, taking 96% Bitcoin holders into profit.
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Trader Notes: With Bitcoin prices hovering around $67,000 mark, trader Michaёl van de Poppe stated that the crypto king is targeting a new all-time high as the trend has shifted. He anticipates this happening within the next 3-4 weeks, with Bitcoin potentially reaching $90,000 by the end of the year.
Voicing a similar opinion, CryptoCon marks Bitcoin’s next target at $109,000 which could potentially be reached as early as December. According to the trader, everything is aligning for a year of all-time highs in 2025, with no recession or bear market in sight.
Santiment’s poll on when BTC will hit $73,700 shows 41.6% of respondents thinking it will be by the end of October and 36.5% by end of 2024. Around 9.4% say it will never happen.
Crypto trader BitQuant sees an upcoming range where Bitcoin might consolidate between $75,000 and $95,000. $63,000 remains a solid buying price for BTC, but the trader does not recommend buying above $70,000.
What’s Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.
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