Bitcoin's resurgence above $64,000 signals the start of the second phase of its bull run, according to leading crypto analysts. This phase is characterized by strong recoveries post-correction and predictions of hitting $120,000 by early 2025. Market experts, including Michaël van de Poppe, emphasize that these corrections are strategic buying opportunities, not setbacks. As economic indicators waver, Bitcoin's attractiveness as a "safe haven" asset grows, further fueling its upward trajectory. The increase in trading volume and market cap supports these optimistic forecasts, suggesting a robust period ahead for Bitcoin investors.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
