Bitcoin Flat After Weeks of Volatility, But Analysts See Bull Run Ahead With Bets on Higher Prices
-
Cryptocurrencies traded flat on Friday following weeks of volatility around Bitcoin ETF speculation and geopolitical tensions.
-
Bitcoin fluctuated between $34,120 and $34,945, with neither bulls nor bears gaining control of price action.
-
Analysts declared a bull market is underway, with Bitcoin up 29% in October. Some predict $47,000 Bitcoin next month.
-
Options data shows traders betting big on higher Bitcoin prices by December. Sentiment remains positive.
-
Altcoins ended mixed Friday, with double-digit gains for RIF, BLUR and RUNE, but losses for VIC, MEME and CAKE.