A whale has placed a bullish bet of 23.7 million USD, predicting Bitcoin to hit 200,000 USD by year-end. Even with Bitcoin’s drop below 115,000 USD, analysts believe the bullish outlook remains valid as market liquidity on exchanges has reportedly been replenished.
Bitcoin’s key support level stands at 115,000 USD. Analysts indicate that sustaining above this price could ensure an ongoing uptrend in the market. If prices drop below this level significantly, it could lead to further market corrections.
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