Why Will Bitcoin Price Will Hit $55k Soon?

Michael Novogratz foresees a Bitcoin correction to the mid-$50,000 range before attaining a fresh all-time peak

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Additionally, Bitcoin's spot trading volume has surged to a 16-month peak, suggesting robust market engagement and a possible pre-halving apex

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Furthermore, the demand for Bitcoin is inundating exchanges such as Coinbase, underscoring considerable investor enthusiasm

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The Bitcoin derivatives market is also flourishing, with options and futures trading surpassing spot trading volume.

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