Copper lays out bitcoin price targets, with a twist
Copper.co, a crypto custody firm, has forecast potential Bitcoin (BTC) price outcomes by blending technical indicators with historical data and volatility analysis. Notably, their research aims to highlight price points at which traders might find the market overextended rather than asserting a definitive peak. Following Bitcoin's price movement between $109,000 and $93,000, the firm suggests 'concern levels' for BTC could range between $140,000 and $200,000 by 2025. Their simulations, with an impressive accuracy of up to 91%, indicate a possible price breach near $165,000 in June. The report emphasizes that Bitcoin's declining 30-day volatility may facilitate a smoother price climb, suggesting any dips may be short-lived. However, they also caution that external factors could override these projections, indicating that sudden market changes could disrupt anticipated price movements.
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