ANALYSIS: BTC Unlikely to Fall Below $50,000 as Jump Trading Selling Pressure Fades
Michael Terpin, founder of Transform Ventures, has reportedly said that BTC is unlikely to fall below $50,000 as the Bank of Japan has indicated that it will not raise interest rates further and selling pressure from Jump Trading subsides.
Regardless of what happens in the next 60 days, the bull market will continue to march along the traditional four-year cycle line and achieve steady growth in October and November. BTC could even rise above $100,000 if Donald Trump wins the US presidential election in November.
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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