Should You Invest in Bitcoin as it Reaches Record Highs? Answered: Yes (Cryptocurrency:BTC-USD)
Bitcoin has been on a wild ride lately, shooting up to nearly $100k and showing no signs of slowing down. In fact, technical indicators are pointing to a bullish cycle just getting started, not winding down.
When it comes to support levels, we’re looking at around $90k in the short term and $70k and rising in the long term. Those are some solid numbers.
What’s behind this surge? Well, there’s a lot of bullish sentiment around the US presidential election, as well as a ton of buying from HODLers. Add that to the fact that Bitcoin has a limited supply, and you’ve got the perfect recipe for demand to soar.
Even though we’re hitting new highs, experts are still calling Bitcoin a strong buy. Some are even predicting it could hit $150k-$200k by 2025. That makes today’s prices look like a real steal.
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