Crypto
Bitcoin on Track for Record Sideways Action, With Eyes on November Elections as Bullish Catalyst
Bitcoin prices tend to rise when there are fewer new bitcoins available in the market and demand remains constant or increases. Back in April, BTC surged above $73,000 to reach new all-time highs just before the halving event. Some experts are now predicting that the price could continue to rally, potentially reaching as high as $160,000 by the end of this year.
However, since hitting those record highs, bitcoin prices have been fluctuating in the range of $59,000 to $65,000. This sideways movement has lasted nearly 300 days, a trend reminiscent of a similar period of stagnation in 2016.
