Bitcoin

<ul><li>Analysts urge a strategic BTC rise to $100K, advising a revisit of the $29K-$31K range for stability.</li><li>Before the 2023 halving, BTC was 45% below ATH, echoing past trends and hinting at a gradual climb.</li><li>Crypto Tony predicts a BTC rise to $40K, then a drop, mirroring the market&#39;s cautious optimism.</li></ul>Bitcoin (BTC) continues to captivate market analysts and investors. Today, Bitcoin&#39;s price is <a href="https://www.coingecko.com/en/coins/bitcoin" rel="noopener noreferrer nofollow">$37,557.12</a>, with a 24-hour trading volume of over $11 billion. This represents a modest 0.26% increase in the last day and a more significant 3.18% rise over the past week. With a circulating supply of 20 million BTC, its market cap now stands at $734 billion, underscoring its dominant position in the crypto market.Prominent crypto analyst EGRAG CRYPTO provided a strategic perspective on Bitcoin&#39;s future growth. He argued that for Bitcoin to breach the $100K threshold effectively, it needs to revisit and stabilize in the $29K-$31K range. Such a move would establish a solid bullish foundation instead of a swift rise to $48K, which might lead to a substantial crash, echoing the tumult of March 2020.Mags, a crypto trader and technical analyst, offered<a href="https://x.com/thescalpingpro/status/1727972743948435685?s&#61;20" rel="noopener noreferrer nofollow"> insights</a> by drawing parallels with Bitcoin&#39;s past. With the Bitcoin halving event just 151 days away, they noted that 151 days before the 2016 and 2019 halvings, Bitcoin was significantly below its all-time high (ATH) – 68% and 60%, respectively. Today, Bitcoin stands 45% below its ATH, suggesting a slower yet steady ascent, mirroring its previous halving cycles.Read full article at <a href="https://cryptotale.org/btcs-road-to-100k-expert-analysts-weigh-in-on-future-predictions/" rel="noopener noreferrer nofollow">CryptoTale.</a>

BTC's Road to $100K: Expert Analysts Weigh In on Future Predictions

CryptoTale

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