Summary
- "Bitcoin (BTC) is said to be in a state of HODLing ahead of a potential all-time high."
- "The strong cycle is expected to continue until a clear reversal signal emerges."
- "It is expected to reach 10,400 to 12,400 dollars by the end of the year."
According to CoinDesk, a leading media outlet in the cryptocurrency sector, on the 28th (local time), David Puell, an on-chain analyst at Ark Invest, stated that "BTC is in a state of HODLing ahead of a potential all-time high," and that "the strong cycle will continue until a clear reversal signal emerges." He further analyzed that "currently, the mid-point of the strong market is around, and BTC is expected to stabilize between 12,600 to 13,400 dollars," adding that "if the upward trend accelerates, it could go beyond that. It is expected to reach 10,400 to 12,400 dollars by the end of the year." He also emphasized the need to monitor the direction of communication policies and the U.S. Securities and Exchange Commission (SEC).
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
![Tethered by consumer-slowdown fears… Financials slide in tandem on ‘AI onslaught’ [New York market briefing]](https://media.bloomingbit.io/PROD/news/b203e033-1844-4138-83af-b5b084dd9a6d.webp?w=250)
![Dollar weakens even with U.S. Treasury yields in the 4% range… the real risk markets fear [Global Money X-File]](https://media.bloomingbit.io/PROD/news/7359c31a-2f59-4bd3-81b0-542f21060875.webp?w=250)