Bitcoin (BTC) Price Predictions: Where Will BTC Go Next?

Cryptocurrency markets are trading marginally higher, as a new Trump-themed coin wreaked havoc in the crypto space.

Cryptocurrency markets are showing a marginal increase, while a new Trump-themed coin is causing a stir in the crypto space.

Here’s a quick look at the most important developments:

A new cryptocurrency, dubbed "Trump Coin," has reportedly crashed after surging over 3,000% following its launch. The coin, which is not endorsed by former President Donald Trump, was touted by some influencers.

CryptoQuant Founder & CEO Ki Young Ju noted that Bitcoin was discounted for only three days, as most Bitcoin on-chain cyclical indicators have shifted back from the borderline to signal a bull market.

Trader Kevin predicts a Bitcoin price target of $69,000.

Here’s a snapshot of the top gainers and losers:

Trader Tips: CryptoCon, in its latest tweet, highlighted that the Bitcoin Fibonacci extension has found each local high of this cycle. He anticipates the next 52% increase and the .618 extension, which could push the price over the legendary $100,000 threshold at $109,236.

If the "1-month-behind 2023" continues, over $100,000 by year-end "doesn't look so impossible."

Michaёl van de Poppe prefers to see the price hold above $57,500 for bullish continuation to be unfolding towards an all-time high in September/October.

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