Are you seeing the news recently since 4 days or a week ago or even more. It has been very positive. Some analysts are saying bear market is over for now, some said that bitcoin can increase to $80000. I am reading more of the news recently.
Today I read another one where someone said the bear sentiment has significantly reduced as more people are expecting bull run instead. People are also expecting a breakout time. Very possible the price will increase or this they are just news with positive sentiment for bitcoin price?
It has been like 100++ days since the last halving, and so I think some are thinking that the market at this time should be in the bull run already. And so that's what they are holding for now as in recent days, we have a big uptick as well reaching as high as $64k and I though we will break the next barrier at $65k, but it was not yet meant to be.
So short term, but that will be the goal and at the end of the year, we could be around $70k'ish hopefully. If the price will go on a parabolic rise, we could easily be in the $80k'ish. As long as we are in the positive and everyone is optimistic that we will see a new all time high at the end of 2024, I think we could really hit that $80k.