The post Bitcoin All-Time-High in Q2 or $100k Again This Week? appeared first on Coinpedia Fintech News
Bitcoin is back in the spotlight after global bank Standard Chartered predicted that the world’s biggest cryptocurrency could hit a new all-time high by the second quarter of this year. According to their latest report, Bitcoin could reach around $120,000, driven by recent strong market performance and growing investor interest.
At the moment, Bitcoin is trading in the mid-$90,000 range, and experts believe several global factors could impact its movement in the coming weeks. These include the upcoming U.S. Federal Reserve meeting in May and ongoing inflation concerns. However, some analysts suggest that the worst may be over for now, which could open the door for further gains.
Bitcoin’s Current Price Action
Bitcoin recently reacted strongly around a key support zone between $93,220 and $94,244. According to crypto analysts, the price dropped from a recent high last
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