- Cryptocurrency markets have finally bottomed out with Bitcoin nearing $80k.
- We expect a market-wide surge to $100k per BTC; however, further gains are capped due to high Federal Reserve interest rates, which have choked market liquidity.
- Derivatives data suggest we might see a sell-off around $100k. However, a fall below $70k might not happen in the near future.
- Any surge above $100,000 has to be accompanied by a strong market signal, such as a lowering of interest rates, the end of global conflicts, and the resurgence in economic growth in primary markets
Source: A2Z Cryptocurrencies
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