Analysis: Bitcoin could rise to $110,000 in next rally

avatar
ODAILY
07-18
This article is machine translated
Show original
Odaily Odaily News: MN Capital founder Michael van de Poppe said that Bitcoin could rise to $110,000 in the next major rally. However, veteran trader and analyst Peter Brandt said: "It should be noted that despite the occurrence of halving, ETF and other related hot events, Bitcoin's pattern of forming lower highs and lower lows continues." Van de Poppe does not seem to be so worried. He linked the recent volatility of Bitcoin prices to the difficulties faced by miners due to rising operating costs and reduced mining rewards after the Bitcoin price halved in April. He said: "At the last low on July 1, the real decline in computing power was as severe as during the FTX crash." (Cointelegraph)

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
1
Add to Favorites
Comments