Analyst: If Current Structure Holds, BTC Could Reach $155,000
According to ChainCatcher, as reported by Cointelegraph, Bitcoin's price rebounded strongly after briefly dropping to $107,000 and has now returned to the $110,000 level.
Despite facing macro challenges such as the release of Federal Reserve inflation data and rising bond yields, market sentiment remains positive. Exchange data shows a cooling in trading activity, but funding rates remain neutral, indicating healthy leverage levels that support sustainable growth.
Analyst BitBull stated that if the current structure remains solid, Bitcoin is expected to reach a new target of $155,000.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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