Bitcoin hit all-time high in March, dropped 13.32% but top analyst predicts potential rally

From Investing.com
October 7, 2024 3:30:20 pm:

Bitcoin (BTC) hit an all-time high of $73,750 in March but has not traded close to this level since, despite the halving on April 20. Analyst Maartunn predicts a potential rally for BTC moving forward.

BTC price dropped 13.32% to $63,716.71 from ATH. Maartunn remains bullish, highlighting hash rate growth and miners’ efforts in pursuing remaining Bitcoin.

MicroStrategy Chairman Saylor believes BTC will surpass $100,000 soon. Companies like Metaplanet continue to acquire BTC, while institutional buyers gain exposure through Bitcoin ETF products globally.

Read more at Investing.com: Bullish Bitcoin Halving Impact Yet to Play Out, Says Top Analyst By U.Today