Bitcoin Has A 25% Chance To Hit $140,000 By Year-End, Analysts Say
The cryptocurrency market is in a state of fragile equilibrium, with Bitcoin (CRYPTO: BTC) trading around the $112,500 level.
This stabilization is being closely monitored by analysts, who see it as a critical juncture that will determine if the market can transition from its current holding pattern to a potential fourth-quarter rally.
What Happened: While historical data points to a bullish seasonal trend, near-term risks, primarily tied to U.S. macroeconomic policy, could define the market’s trajectory through the end of September.
According to a Glassnode report, the past week saw a fragile recovery in momentum, with reduced sell pressure and a modest pickup in on-chain participation.
However, trading volumes have declined, reflecting “waning conviction and cautious participation at current price levels.”
This suggests that while the market is not actively selling off, a decisive surge in organic activity is absent.
The market’s fate appears to be tied to upcoming …
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