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Analysts: Bitcoin unlikely to break $100,000 by year-end due to rising rates and Iran conflict
Analysts believe Bitcoin may extend its rebound but is unlikely to break above US$100,000 before the end of the year, citing rising interest rates and the Iran conflict as continuing headwinds for crypto assets. CoinMarketCap's head of research, Alice Liu, added that while the crypto asset class is likely to end the year higher than today, it will remain below last October's peak. Liu described her outlook for crypto assets in the fourth quarter as "cautiously positive," expecting an uneven recovery led primarily by Bitcoin.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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