Bitcoin poised to challenge the $100k mark
A CoinDesk analyst has highlighted bullish factors indicating that Bitcoin's price may continue to rise. The BTC Volatility Index (BVIV) has dropped to 48, breaking its bullish trend, which suggests decreased panic and a stabilising market.
Source CoinDesk
Technical indicators reveal that BTC remains above $93,104 and the Ichimoku cloud. The next target is between $98,000 and $100,000. However, there is a risk of losing momentum if Bitcoin’s price falls below the Ichimoku cloud.
Forecasts also mention key price targets for other cryptocurrencies: $3,500 for Ethereum and $165 for Solana.
