Get ready for a Bitcoin rollercoaster ride!

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Get your helmets and safety goggles ready, dear readers! The world of Bitcoin is about to become a wild ride, according to crypto analysts who predict that new all-time highs are just around the corner.

“The air is getting very thin for bears right now,” says Pav Hundal, lead analyst at crypto exchange Swyftx. “We expect Bitcoin to hit fresh highs by the end of the quarter.”

Volatility levels return to the US election period

Hold onto your hats, folks! The Bitcoin (BTC) market has returned to the volatility levels last seen in November, around the US election and before the “initial euphoria” that followed Donald Trump’s victory as President. As Hundal puts it, “Volatility has just run out of puff, and in the short term, that could spell danger for speculators.”

But don’t worry, there’s a silver lining to this rollercoaster ride. Hundal adds, “We’re in the neighborhood where volatility looks ready to kick higher, and that’s important because it could be deadly for both sides of the market.”

So, buckle up and get ready for a bumpy ride!

Crypto commentators divided on Bitcoin’s Q1 performance

As if the volatility wasn’t enough, crypto commentators are divided on where Bitcoin’s price is headed in Q1. Some, like BitMEX co-founder Arthur Hayes, predict a potential pullback towards the $70,000 to $75,000 range, while others, like Derive head of research Dr. Sean Dawson, say there’s less than a 10% chance of Bitcoin dropping to the $75,000 level in Q1.

So, who will be right? Only time will tell!

In the meantime, keep your hands and feet inside the ride at all times, and enjoy the wild world of Bitcoin!

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2025-02-01 09:27