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Bitcoin BTC Could Test $90 K Soon—and Top Out Within Three Months, Experts Warn

  • Bitcoin's current price boom indicates a possible peak nearing, with the coin trading at around $109,000, leading to predictions of a correction before a final surge to end the bull run.
  • Analysts suggest that Bitcoin's price expansion phase may conclude as early as October, based on historical patterns and the market's behavior post-halving in 2020. Some believe there is limited time and price expansion left before a potential top by October 2025.
  • While some question the relevance of the halving cycle prediction model in today's market, others argue in favor of its reliability. Institutional analysts have provided varying price targets, with estimations ranging from $170,000 to $250,000 by year end.
  • BitMEX co-founder Arthur Hayes has warned of a potential short-term drop to $90,000 for Bitcoin following the passing of new U.S. fiscal legislation, emphasizing caution due to potential liquidity shortages and market volatility.

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