Crypto:
30188
Bitcoin:
$69.856
% 4.48
BTC Dominance:
%54.4
% 0.13
Market Cap:
$2.44 T
% 3.67
Fear & Greed:
74 / 100
Bitcoin:
$ 69.856
BTC Dominance:
% 54.4
Market Cap:
$2.44 T

Well-Known Analyst Reveals Short-Term Bitcoin Price Target

Bitcoin, Btc, Bitcoin Dominance, Btc Halving

Mike Alfred, Managing Partner at Alpine Fox LP, expects Bitcoin’s price to surge to tens of thousands of dollars in the short term.

Bitcoin has largely traded between $60,000 and $70,000 since mid-March. Alfred believes Bitcoin will break above this range in the near future.

“The DXY dollar index hit resistance at 106 as expected. A reversal to 102-103 would turbocharge this rally. The timing is also right because Bitcoin is ready to move to $90,000 in the short term. In the long term, I expect DXY to fall to 92, perhaps by the end of 2025,” Alfred said.

Investors tend to move away from riskier assets like Bitcoin when the dollar strengthens. Bitcoin and altcoins have generally moved in the opposite direction of DXY over the past few years.

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