Bitcoin could be heading to $100k in Q3… 21Shares sees the recent dip as just "liquidity accumulation"
The digital asset investment firm 21Shares indicated that Bitcoin remains on a potential bullish trajectory, with a chance of hitting the $100,000 mark by the end of Q3, provided it successfully breaks through the key resistance level at $70,000.
According to the firm's analysis, the recent pullback following the FOMC meeting does not signify a reversal in the overall trend but is viewed as a natural "accumulation" phase within a larger bull cycle, where the market is rebuilding momentum before a potentially stronger move.
21Shares believes that the current market structure still supports upward movement in the medium term, especially with ongoing institutional interest and increasing liquidity in the crypto market, which boosts the chances of testing new historical levels if the critical resistance is broken.
If Bitcoin can consistently push past the $70k barrier, the upward momentum could accelerate significantly towards higher price regions, with investors eyeing a new price discovery phase in the market.
The market currently stands at a pivotal point between continuing the bullish momentum or entering a wider range of volatility in the coming weeks.
#Bitcoin #Crypto #21Shares #Bitcoinprice #MarketUpdate
The digital asset investment firm 21Shares indicated that Bitcoin remains on a potential bullish trajectory, with a chance of hitting the $100,000 mark by the end of Q3, provided it successfully breaks through the key resistance level at $70,000.
According to the firm's analysis, the recent pullback following the FOMC meeting does not signify a reversal in the overall trend but is viewed as a natural "accumulation" phase within a larger bull cycle, where the market is rebuilding momentum before a potentially stronger move.
21Shares believes that the current market structure still supports upward movement in the medium term, especially with ongoing institutional interest and increasing liquidity in the crypto market, which boosts the chances of testing new historical levels if the critical resistance is broken.
If Bitcoin can consistently push past the $70k barrier, the upward momentum could accelerate significantly towards higher price regions, with investors eyeing a new price discovery phase in the market.
The market currently stands at a pivotal point between continuing the bullish momentum or entering a wider range of volatility in the coming weeks.
#Bitcoin #Crypto #21Shares #Bitcoinprice #MarketUpdate