Bitcoin was trading at $93,848 on Wednesday, November 27th, reflecting an increase of 1,948, or 2.12%, from the previous trading session.
Bitcoin up by 2% against dollar
This upward movement follows a strong trend, with Bitcoin gaining 34.37% over the past four weeks. Over the last 12 months, the cryptocurrency has seen a remarkable rise of 147.18%, driven by factors such as market sentiment, institutional interest, and global economic conditions.
What to expect
Looking ahead, Trading Economics' global macro models and analysts' projections suggest that Bitcoin could be priced at 70,903 by the end of this quarter, with a further potential decline to 62,495 within the next year. These forecasts take into account market volatility, regulatory developments, and broader trends in the cryptocurrency space. Despite the uncertainty, Bitcoin’s performance continues to capture investor attention as it remains a key asset in the digital economy.
