Bitcoin ($BTC )

Bitcoin is showing strong momentum today, currently trading at $80,379.2 with a solid 3.49% gain. This upward movement comes as analysts weigh in on the market's trajectory. According to Markus Thielen, founder of 10x Research, Wall Street's involvement may have ended Bitcoin's recent surge. However, he still projects that Bitcoin could reach $90,000 by year-end, though a pullback into the mid-to-high $70,000s is possible first. Meanwhile, Bitwise's André Dragosch estimates Bitcoin's fair value at a staggering $197,000, citing factors like AI sector risks, dollar weakness, and liquidity trends. With such bullish long-term forecasts and current price action holding above $80K, the market sentiment remains cautiously optimistic. Keep an eye on these key levels as we approach the end of the year. Always do your own research before trading.

#Bitcoin midterm election pattern #AMD reports Q3 earnings #US October NFP: Are Rate Cuts Still Possible? #Anthropic IPO Valuation Drops to $1.5 Trillion as Investors Reassess AI Growth