Bitcoin may rise to $ 108,000 if the crypto market maintains its bullish trend

Cryptocurrency market analysts believe that Bitcoin BTC $99,359.07 Bitcoin 1.98% Market capitalization $1.97 trillion VOL. 24 hours $1.91 billion may reach $ 108,000 in the near future if the market maintains its current positive momentum. The main growth factor is the end of the correctional phase and the return of the bullish trend.

Cointelegraph experts note that the flagship cryptocurrency has already crossed key support levels, and institutional investors continue to actively increase their positions. The growing interest in BTC spot ETFs, which provide access to cryptocurrencies for traditional financial players, also plays an important role.

However, not all analysts are so optimistic. Some point out that Bitcoin may still face a short-term downturn, especially if the market is affected by macroeconomic factors, such as the US Federal Reserve’s policy.

Despite possible fluctuations, most forecasts suggest that BTC has a good chance of updating its all-time high in the coming months if it can gain a foothold above the current range.