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Analyst: Bitcoin price may reach $116,000 by the end of July.
According to ChainCatcher news reported by Cointelegraph, cryptocurrency analysts predict that Bitcoin prices may reach $116,000 by the end of July, primarily driven by three macro factors: continuous inflow of funds into the Bitcoin ETF in the United States, uncertainty in The Federal Reserve (FED) policies, and a continuous reduction in Bitcoin supply on exchanges for 98 days. 10x Research Director Markus Thielen pointed out that Bitcoin is testing the upper limit of the consolidation range, with the current price around $109,000, just a 6.45% increase away from the predicted target.