🛰️FN Market Express | Will Bitcoin Reach a New High This Month? Market Experts Discuss the Subsequent Market Trend
After Bitcoin reached a new short-term high of $107,000.00 in the early hours, the overall market has retreated, and altcoins have followed suit. It's just $2,000.00 away from the historical high, a crucial point. What will the subsequent market trend be? Will the long-awaited altcoin season return? Let's take a look at the views of various industry OGs:
📈Polymarket market predicts a 52% probability that BTC will reach $110,000.00 this month.
💡Arthur Hayes: The altcoin season needs to wait for Bitcoin to break through $110,000.00.
📈Trader James Wynn: The probability of Bitcoin falling below $100,000.00 is unlikely.
💡glassnode: Long positions are still relatively moderate, and limited leverage suggests that the market is healthy and sustainable.
📈Willy Woo: Bitcoin still has room to rise, and the compound annual growth rate is expected to stabilize at 8.00% in 15 to 20 years.
💡Grayscale Head of Research: Bitcoin's market share may stabilize at 60.00% to 70.00%, rather than ushering in an altcoin season.
📈CryptoQuant Analyst: Short positions are currently being built more cautiously, which is usually a bullish signal.
See the complete views here:
https://t.co/CgK0nIWUT3