Cryptocurrency Market Update XRP Finds Support, Bitcoin Eyes $100,000, Lightchain AI Surges 500%

Market researchers continue to be optimistic about Bitcoin’s future and predict a future rise to $120,000 in the near term. This positive outlook is justified by a number of factors, for example, the recent result of the US presidential elections, the implications of which are that pressure for a more favorable regulatory environment for cryptocurrencies, and a halving of the price of Bitcoin in 2024, is expected. That supply decreases and therefore prices are expected to rise.

Historical data reinforces this bullish sentiment. Judging by the previous halving events, Bitcoin inevitably saw a significant price rise which created the possibility of the next trend. Bitcoin’s daily Bollinger Band increase is another signal of rising price volatility, which, according to some analysts, could potentially support a bullish breakout.

However, the cryptocurrency market is still very volatile. While the general sentiment is optimistic at the moment, investors are advised to exercise caution and not make any investment decision without duly verifying it.