Bitcoin Market Volatility Expected to Remain Elevated
Dow Jones10-20 00:01
1201 ET - Volatility in the bitcoin market is expected to remain elevated through November from a combination of the U.S. midterm elections and the approaching corporate earnings season, ZX Squared Capital's CK Zheng says in a note. That turbulence could create a final attractive entry point for long-term bitcoin investors before the next bull market takes hold, he says. Zheng maintains a $150,000 price target for bitcoin in 2027, which may look lofty but would be relatively modest compared with the cryptocurrency's historical performance during previous recovery cycle, he says.
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