Bitcoin's Chance of Surging to $125,000 by Late June Increases to Nearly 50%
Bitcoin has been hovering below the $100,000 mark for a week, but a crypto researcher believes there is a 50% chance it will reach $125,000 by late June. The likelihood of Bitcoin reaching $125,000 by mid-year has increased to 44.4%, up from 41.9%, according to Derive's head of research Dr. Sean Dawson. The probability of Bitcoin dropping to $75,000 before June has decreased to 12.1%, down from 17.8%. BitMEX co-founder Arthur Hayes has a more pessimistic view, suggesting Bitcoin could drop to $70,000 to $75,000 range, potentially causing a "mini financial crisis." Bitcoin is currently trading at $97,128 according to CoinMarketCap, after briefly hitting an all-time high of $109,000 on Jan. 20. Market sentiment remains "Neutral" with choppy conditions expected until Bitcoin surpasses $100,000. VanEck predicts Bitcoin will reach around $180,000 at the peak of the current cycle, while ETH is expected to trade above $6,000. Korea is set to lift its ban on corporate crypto activities, but caution is advised regarding crypto mining. This article does not provide investment advice, and readers should conduct their own research before making any decisions.
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.
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