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GateNews
Bitcoin surged to $91,000, and market optimism may help it return to $100,000.
On Thursday, the price of Bitcoin surged to $91,000, with investor enthusiasm warming up. Market observers expect its price to potentially break through the $100,000 barrier. Bitcoin has risen for six consecutive days, and analysts predict that the overall market capitalization of Crypto Assets may rebound by 25%, returning to above $4 trillion.
Industry expert Farzam Ehsani stated that this rise "is enough to push Bitcoin back above $100,000" and may bring double-digit increases for high beta altcoins. He also warned that it is still too early to assert a trend reversal; Bitcoin must stabilize at the $90,000 mark with increased retail participation to establish a new pump cycle.
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Remember, successful trading comes from continuous learning, disciplined execution, and realistic expectations. Do your own research, start small, and build your experience over time.
This content is for educational purposes only and not financial advice. Always conduct your own research before making investment decisions.
Industry expert Farzam Ehsani stated that this rise "is enough to push Bitcoin back above $100,000" and may bring double-digit increases for high beta altcoins. He also warned that it is still too early to assert a trend reversal; Bitcoin must stabilize at the $90,000 mark with increased retail participation to establish a new pump cycle.