Bitcoin at $110K: Milestone or Midpoint? Bitget Research Analyst Weighs In
- Bitcoin hits $111,000, boosted by spot ETF inflows and post-halving supply reduction.
- Analysts project $113,000 by June 2025, driven by rate cut expectations and inflation.
- Market momentum faces risks from dollar strength, geopolitics, and regulatory shifts.
As Bitcoin crossed the $111,000 mark, reaching a new all-time high at $111,825, Bitget Research, through its chief analyst Ryan Lee, offers critical insights into the drivers behind the surge and what might lie ahead. Lee pinpoints rising demand from spot Bitcoin exchange-traded funds and a tightening supply following the recent halving as primary catalysts.
Analyst says the rally could continue, with a $113,000 target projected by June 2025. While short-term growth remains possible, experts warn of potential setbacks due to market volatility and external risks.
As of this press time, Bitcoin trades at $110,730, after briefly cooling off from the rally to $111,825 early today. It has now seen an impressive 26% rise in the past month.
ETF Demand and Halving Impact Reshaping BTC Trajectory, Says Bitget Research
The surge in Bitcoin’s value is led by rising interest from institutional investors.…
The post Bitcoin at $110K: Milestone or Midpoint? Bitget Research Analyst Weighs In appeared first on Coin Edition.
Read More
Bitcoin at $110K: Milestone or Midpoint? Bitget Research Analyst Weighs In
- Bitcoin hits $111,000, boosted by spot ETF inflows and post-halving supply reduction.
- Analysts project $113,000 by June 2025, driven by rate cut expectations and inflation.
- Market momentum faces risks from dollar strength, geopolitics, and regulatory shifts.
As Bitcoin crossed the $111,000 mark, reaching a new all-time high at $111,825, Bitget Research, through its chief analyst Ryan Lee, offers critical insights into the drivers behind the surge and what might lie ahead. Lee pinpoints rising demand from spot Bitcoin exchange-traded funds and a tightening supply following the recent halving as primary catalysts.
Analyst says the rally could continue, with a $113,000 target projected by June 2025. While short-term growth remains possible, experts warn of potential setbacks due to market volatility and external risks.
As of this press time, Bitcoin trades at $110,730, after briefly cooling off from the rally to $111,825 early today. It has now seen an impressive 26% rise in the past month.
ETF Demand and Halving Impact Reshaping BTC Trajectory, Says Bitget Research
The surge in Bitcoin’s value is led by rising interest from institutional investors.…
The post Bitcoin at $110K: Milestone or Midpoint? Bitget Research Analyst Weighs In appeared first on Coin Edition.
Read More