90d high / 90d low Btcusd chart Some of the industry’s most prominent figures have offered predictions that underscore Bitcoin’s potential. Notably, Cathie Wood, CEO of Ark Invest, predicted that Bitcoin could reach an astounding $1.48 million by 2030. Senior Analyst Nicholas Sciberras from Collective Shift points out that this prediction reflects Bitcoin’s meteoric rise.
Notably, both Bitcoin and the overall cryptocurrency market have broken out of consolidative triangle patterns, which many traders and analysts interpret as a bullish signal. Crypto Fear & Greed Index The estimated CPI data is expected to be around 6.2% against the December rates which were around 6.5%. Therefore, significant volatility is expected in the coming days as the CPI rates have been heading toward the bottom of the cure which reached the peak in July 2022 at 8.7%. Hence a notable BTC price plunge is expected after the release of new rates as a rate of more than 6.1% could trigger a decent downswing.