According to bank analysts, the key support level for the premier cryptocurrency is currently $70,000. Should a global economic recession occur, experts suggested there is a high probability of the asset’s price dropping from the present $88,000 to $78,500.
Nevertheless, they maintain that the price of Bitcoin is capable of showing a rally and surpassing the $143,000 mark. This scenario is plausible if capital inflow into spot Bitcoin ETFs recovers and dynamics in the stock market improve, Citi bank specialists opined.
An additional boost for the leading cryptocurrency’s quotes could come from the enactment of the American legislation named the Clarity Act, which clarifies digital asset regulation in the US and is currently awaiting Senate review. If the bill is passed before spring, Bitcoin could exceed $189,000 by the end of 2026, Citigroup representatives announced.
Previously, experts from CF Benchmarks speculated that with a sustained bullish trend, Bitcoin’s price might surpass $2.95 million within ten years.
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