Analyst Backs Bitcoin Rally To $174,000 If This Support Remains Intact – Details
NeutralCryptocurrency
Recent analyses indicate that Bitcoin's price is at a critical juncture, trading around $94,500. Analyst PlanD suggests that maintaining this support could lead to a rally towards $174,000. However, concerns are growing as Bitcoin has retraced significantly, with some experts noting that the cryptocurrency has endured a six-month bear market. The potential for a rebound to $131,000 exists if the support holds, but failure to do so could trigger a correction to $72,000-$73,000, highlighting the precarious state of the market.
— via World Pulse Now AI Editorial System
