The world’s largest Cryptocurrency, Bitcoin (BTC), stunned the entire market with its power over $ 100,000. Halving event that occurred in 2024, followed by Donald Trump’s slope to the market, BTC put on a pedestal. In addition to its rise over $ 100,000, King Coin continued to hit a maximum time of $ 109,114.88. Despite its current setback, several analysts and industry experts are confident of bitcoin increase. More recently, Peter Chung, research manager at the prominent trading company Presto posts a remarkable prediction for BTC.
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Bitcoin’s target of $ 210,000 was confirmed: volatility, institutional adoption and global liquidity drive the next major move. Look at Peter Chung, our research manager, share insights about CNBC Asia’s squawk box. https://t.co/kzjauvhns6
– Presto Research (@prresto_Research) April 28 2025
The king’s coin has recently witnessed a slowdown. During the months of March and April, BTC barely noticed big Upticks. Access even decreased to a low of $ 74,436.68. When he talked about the same thing, Chung emphasized the importance of this type of correction. He said,, he said,
“In retrospect, I think it was actually a healthy correction that has paved the way for the further re-evaluation of Bitcoin as a mainstream supply.”
While Bitcoin’s fate remains uncertain, most predictions point to the increase of the asset to $ 200,000. The volatile nature of the Cryptocurrency market can get big profits for investors or leave them to count losses.
How tall is Bitcoin traded today?
Bitcoin registered a remarkable recovery in recent days. Kungmyntet increased by over 8% over the past week. The asset went from trade below $ 90,000 to a high $ 95,768.39. At the time of writing, Bitcoin traded to $ 94 334.08 after a delicious increase of 0.33%.
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