Bitcoin Expected to Turn Higher by Year-End, Rise in 2027
Dow Jones09-29 02:07
1407 ET - Bitcoin is down 0.8% to $83,904, coming down from around $87,000 last week. Bitcoin rose to its highest since late January, and has the legs to push even higher, says CK Zheng of ZX Squared Capital. "I believe Bitcoin's current four-year bear market cycle is near its end," says Zheng. "The cycle's bottom was mostly reached in June 2026." Heading into 2027, bitcoin is expected to continue its rebound - potentially reaching a new all-time high of $150,000 before the end of 2027. "Typically, Bitcoin performs extremely strongly during the first year of the cycle," says Zheng.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments