Bitcoin Sees Strong Bullish Momentum with High Price Targets, While DOJ Addresses OneCoin Fraud
Bitcoin Sees Strong Bullish Momentum with High Price Targets, While DOJ Addresses OneCoin Fraud
Crypto analysts and veterans are increasingly bullish on Bitcoin, with price targets soaring to $90,000 and even predictions of a 230% surge from current levels around $78,000. Experts highlight key technical indicators and support levels for continued rallies. Meanwhile, the U.S. Department of Justice has initiated a compensation process for victims of the $4 billion OneCoin cryptocurrency fraud scheme, making over $40 million in recovered assets available for distribution.
Bitcoin Bullish Sentiment Soars
Several veteran crypto analysts are suddenly turning bullish on Bitcoin as BTC hovers around $78,000. The pseudonymous analyst DonAlt tells his 720,800 followers on X that Bitcoin is likely heading to the $90,000 range after printing higher high prices on the weekly timeframe. “I don’t see why so many are bearish here based on technicals. ”
A pseudonymous crypto trader and analyst says he will remain bullish on Bitcoin unless BTC loses one key support level. The analyst known as DonAlt tells his 68,000 subscribers of the TechnicalRoundup YouTube channel that Bitcoin will likely keeping rallying unless the top crypto asset dips below $70,000 on the weekly chart.
Billionaire venture capitalist Tim Draper says he believes Bitcoin will surge more than 230% from current levels. In a new post on X, Draper reflects on his early experiences with Bitcoin and the events that shaped his long term conviction. He says his initial exposure came at around $4, ahead of major setbacks.
DOJ Moves to Compensate OneCoin Fraud Victims
The U.S. Department of Justice has announced the launch of a compensation process for victims of the OneCoin cryptocurrency fraud scheme, with more than $40 million in recovered assets now available for distribution. The scheme, operated between 2014 and 2019 by Ruja Ignatova and Karl Sebastian Greenwood, defrauded investors worldwide of over $4 billion.