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Ryan Selkis, CEO of the analytical company Messari, shared a new forecast regarding the dynamics of bitcoin. According to the expert, in the next 12 months, the flagship of the crypto market will be able to overcome the $100,000 mark.
The specialist emphasized that in the foreseeable future, more and more investors and large institutions will consider Bitcoin as a reliable protective tool, especially against the backdrop of an active devaluation of the US currency. Ryan Selkis believes that large companies like MicroStrategy can move to actively accumulate bitcoin coins before federal regulators can put significant pressure on BTC.
Meanwhile, Bitcoin continues to be in a local bullish trend. This is primarily due to macroeconomic factors. The American labor market no longer demonstrates its former stability, while the States are faced with a full-fledged banking crisis. According to experts, in such conditions, the Fed will be forced to act less actively.
Over the past day, the flagship of the crypto market added about 6.3% in price, and also managed to gain a foothold above the $26,000 mark. Many analysts are positive about the short-term prospects of bitcoin, believing that it will continue to strengthen its position over the next two weeks.
It is noteworthy that over the past day, many sellers in market conditions have faced mass liquidation of short positions, which is estimated at $112 million, representatives of the analytical company Coinglass reported. Experts stressed that this state of affairs indicates that buyers continue to control the situation in the market. In this regard, we can expect further local growth of bitcoin in the coming days.
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