Bitcoin Predicted To Hit $82,000: Here's When
Bitcoin (BTC) briefly reclaimed the $60,000 mark on Friday, Sept. 13, 2024. Despite the recovery, the original cryptocurrency could not maintain its price at the $60k level, facing a correction to the $58,000 level. BTC is down 0.4% in the daily charts, 0.6% in the 14-day charts, and 1.4% over the previous month. However, the asset continues to glow green in the weekly and yearly charts, rallying by 2.5% and 121.7%, respectively. Also Read: Ripple Shock: Chairman Moves 50 Million XRP After 11 Years! Source: CoinGecko Why The Dull Market Environment? Bitcoin’s (BTC) price seems to be consolidating just below $59,000. The lack of forward movements could be due to low investor sentiment and macroeconomic factors. Inflation figures in the US came in lower than expected, but the jobs data did not sit well with market participants. Also Read: Dogecoin’s Sister Rises 965% In a Day While the markets may be down right now, a trend reversal is possible, given that the Federal Reserve has an...