After a strong start to the week, Bitcoin hit $112,000 before a minor correction. Analysts remain bullish on the future of the leading cryptocurrency. Stay tuned for the latest trends and forecasts you shouldn't miss.
Since the beginning of the week, the Bitcoin price has experienced a spectacular surge, reaching 112,000 dollars in recent hours. According to data from Coinbase, one of the main trading platforms, BTC has indeed achieved a new historical record.
Looking at the details, the Bitcoin chart against the US dollar shows a meteoric rise to approximately 112,152$, before sharply falling back to 110,995$. Over the last 24 hours, BTC has gained nearly 2%.
Even More Optimistic Outlook!
This new bullish push propels Bitcoin’smarket capitalization to 2.2 billion dollars, keeping it among the ten most valuable assets in the world, just behind Amazon and ahead of Alphabet (Google). The entire crypto sector is also showing significant gains, with a current total capitalization of 3.46 trillion dollars.
Several factors explain this positive momentum: favorable macroeconomic events, but also growing adoption of Bitcoin by institutional investors. According to the Fear & Greed index, market sentiment is currently in a “Neutral” zone.
In light of this bullish trend, analysts are issuing new enthusiastic forecasts. VanEck’s expert, Matthew Sigel, believes a price of 180,000$ in 2025 is entirely possible. Meanwhile, Bitwise is even projecting a rate of 200,000$. However, German specialists remain more reserved, anticipating a level of 126,773$ in the next six months.
Caution Still Advised
Despite this optimism, it’s important to remain cautious. Nearly 99% of Bitcoin investors are currently “in the green,” according to Glassnode data. This situation could encourage some to take profits, triggering a short-term correction.
In any case, Bitcoin has crossed another symbolic milestone with this historical peak. Its future trajectory remains to be closely monitored, between continued growth and potential correction. One thing is certain: the king of cryptocurrencies maintains its attractiveness among investors.
A finance graduate, "Grings" is passionate about the cryptocurrency market and the opportunities brought by blockchain technology. With his technical background and informative approach, he has the ability to break down complex topics into clear and accessible articles.
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