Bitcoin's Path to $140K: Market Trends and Predictions
TL;DR Summary
Bitcoin could potentially reach $140,000 in December if it follows historical post-election year trends, according to analyst Ali Martinez. On-chain data shows significant Bitcoin withdrawals from exchanges, suggesting reduced selling pressure and a possible price rally. However, Bitcoin faces resistance at $97,000, and failure to break this level could lead to a decline. The upcoming Federal Reserve interest rate decision may also impact Bitcoin's price. Currently, Bitcoin trades at $96,682, with its RSI nearing overbought territory.
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