🔵 #Can BTC Break $110K?#
Bitcoin recently broke above $107,000 and is currently trading around $105,000, just shy of its all-time high at $109,580. Do you think Bitcoin can set a new record and push past $110,000? Share your analysis and predictions with us!
🔵 #AI Token Market Cap Rebounds#
According to CoinGecko, the total market cap of the AI agent sector has rebounded to $6.862 billion, with a 1.2% increase in the past 24 hours. Notably, VIRTUAL surged 18.5%, and AI16Z rose 7.1%. Which AI tokens are you bullish on? How are you planning your portfolio strategy? Let’s hear your thoughts!
As Bitcoin (BTC) Approaches 100 Thousand Dollars Again, Analyst Gives Date for New Peak!
The leading cryptocurrency Bitcoin continued to break new records by rising above $108,000 in December, while the upward momentum has slowed in recent weeks. At this point, BTC retreated to levels around $90,000, but resumed its rally yesterday.
As Bitcoin reaches the levels of 98 thousand dollars, a top analyst said that BTC could reach a new record level in January of next year.
According to K33 Research's research head Vetle Lunde, based on historical data, he argued that Bitcoin could reach a new ATH and cyclical peak around mid-January next year.
Lunde, stating that he made this estimate based on BTC's previous cycles, said that he expects the price to reach a new peak on January 17, 2025 in this cycle.
Lunde said that data from the last three cycles showed that the average duration between Bitcoin's first and last all-time high in each cycle was 318 days.
At this point, the analyst noted that since Bitcoin reached its first record peak on March 5 during this current cycle, if history repeats itself, investors may see BTC reach a new and cyclical peak on January 17, 2025 in this cycle.
Lunde, while noting that Bitcoin could reach $146,000 in this cycle compared to previous cycle peak prices, also added that it could potentially reach up to $212,500 based on the previous market capitalization in this cycle.
If Bitcoin reaches a new peak in mid-January, it will coincide with the inauguration of Donald Trump as President of the United States, which will take place on January 20th.