Analysis: Bitcoin may rise to $98,100 in the next few weeks, it is recommended to buy when it pulls back to $80,000

Odaily Planet Daily Report: In a report, Pepperstone Group's research head Chris Weston wrote that "the cryptocurrency market has become active again", and added that the news of Trump Media & Technology Group's planned acquisition of Bakkt is "another positive news to boost market sentiment". Other developments include Nasdaq's plan to list options on BlackRock's IBIT as early as Tuesday, and Goldman Sachs' move to spin off its digital asset platform, indicating that cryptocurrencies and their underlying blockchain technology are penetrating the financial system. Trump has vowed to establish a supportive U.S. regulatory framework for digital assets and build a strategic Bit reserve. However, the timeline for fulfilling his promises and the feasibility of a Bit reserve remain uncertain. These issues have raised discussions about whether Bit and other cryptocurrencies can continue to rise. According to Deribit data, the highest concentration of open interest in the options market is in Bit call options targeting $100,000. Fairlead Strategies LLC technical analyst Katie Stockton said that some chart pattern signals suggest Bit could rise to around $98,100 in the coming weeks. IG Australia Pty market analyst Tony Sycamore said he is inclined to buy Bit when it dips to $80,000. (Bloomberg)