Bitcoin poised for new high as U.S. markets rally

Bitcoin (BTC) may be poised to hit a new all-time high, according to analysts cited by Cointelegraph, as U.S. markets continue to climb. S&P 500 futures recently reached a record 6,145 points on June 26. Nick Ruck, director at LVRG Research, said rising stock futures, supported by easing geopolitical tensions and expected Fed rate cuts, are boosting investor risk appetite. He noted that BTC’s rebound could push it past the $109,000 resistance if momentum and institutional inflows continue. Jeff Mei, COO at BTSE, added that BTC could break its previous high of around $112,000, especially with the Iran-Israel conflict appearing to ease.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments