Bitcoin Could Break All-Time Highs Within a Year

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Bitget2024/08/06 15:13

Bitcoin is on track to break out to all-time highs within a year if it stays above $45,000, CryptoQuant founder and CEO Ki Young Ju said on the X platform. Although some indicators are currently showing bearish signals, a bounce is still possible. It will be crucial to see if Bitcoin can maintain this level for a week or two. If it stays at this level for longer, the risk of a bear market increases, and if it lasts more than a month, the recovery could become challenging.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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