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WallStreet Forex Robot 3.0
Market Cap
24h Vol
12837
Cryptocurrencies
60.66%
Bitcoin Share
BitcoinSistemi 2025-02-11 15:52:10

Analytics Firm: "Bitcoin (BTC) Has Reached Its Peak, But Only One Event Could Break It!"

Analytics Firm: "Bitcoin (BTC) Has Reached Its Peak, But Only One Event Could Break It!"

While Bitcoin has been in the news for its recent declines, BCA Research said that BTC is near its peak amid overheated market conditions. A team led by BCA Research Global Asset Allocation analyst Juan Correa noted that the Bitcoin and cryptocurrency market is showing all the typical signals that it is approaching its peak. Analysts stated that they do not believe that Bitcoin and cryptocurrencies are a scam and that prices will not fall to zero, and although they have a long-term positive opinion about BTC, they warned that the price may be approaching its peak. Analysts stated that Bitcoin is an asset that should be included in every portfolio and said: “We are structurally positive on Bitcoin and believe it should be a must-have in a multi-asset portfolio. However, market sentiment is important. We believe that the crazy optimism in the market is a sign that the crypto market is nearing its peak. “We are also currently seeing over 90% of the Bitcoin supply in the money. Historically, this is usually when the Bitcoin price is at its peak.” Analysts said that macroeconomic developments also have an impact on Bitcoin prices, adding that “if the US economy turns out colder than expected and the government acts fiscally irresponsibly, it will be negative for Bitcoin to continue its explosive rise.” Analysts added that there is a risk of Bitcoin falling to $75,000, and stated that they will buy more aggressively if the price falls to this level. Analysts also noted that some data suggest that the Bitcoin price may have peaked, but this could be invalidated by Donald Trump’s plan to set up a Bitcoin strategic reserve. Finally, analysts who evaluated Donald Trump and his wife's issuance of their own tokens stated that they believe Trump's token issuance behavior indicates a desire for personal wealth growth rather than sharing profits with new buyers. *This is not investment advice. Continue Reading: Analytics Firm: "Bitcoin (BTC) Has Reached Its Peak, But Only One Event Could Break It!"

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