Executive Director of CSOP: Bitcoin may reach US$80,000 in one or two months
Bitcoin has been on a strong rise this year, with a cumulative increase of nearly 50% from the beginning of the year to the present. At the beginning of this month, it even broke through $70,000, driving the inflow of funds into related assets. Li Xueheng, Executive Director and Head of Distribution Sales Department of Southern Dongying Asset Management Co., Ltd., said in an interview that the bull market cycle that began at the beginning of the year was driven by the approval of spot ETFs in the United States, Bitcoin halving, and the end of the US interest rate cycle. He is optimistic that the future Bitcoin price can continue to rise. It is expected that there will be a period of adjustment of about 10 to 20 days after Bitcoin reaches a new high, and it is estimated that it can rise to $80,000 within one or two months. The next key level is $100,000.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: Bitcoin's return in February was -17.39%
The total locked value of Ethereum Layer2 network is 34.51 billion US dollars, down 7.51% on the 7th
Atlanta Fed forecast shows first quarter economic contraction, could disrupt stocks and Bitcoin
Trending news
MoreCrypto prices
More








