Bitcoin Surges, Predictors Bullish

Bitcoin Rebounds: Optimistic Predictions and Looming FOMC MeetingBitcoin surges by 7.4% over the past week, reaching above $91,000, but still 28% below its all-time high. Predictors on Myriad platform show a 74% chance of Bitcoin hitting $100,000 before dropping to $69,000, marking a 24% increase in bullish sentiment. Experts like Tom Lee and Michael Saylor express optimism, with Saylor predicting a $150,000 target before year-end. An 84% chance of a December interest rate cut adds to the positive outlook. Bitcoin needs to climb 9.8% to reach $100,000, while a 24% drop would take it to $69,000. The upcoming FOMC meeting on December 9-10 is a key event to watch.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.