July 4 (Cointime) - Katie Stockton, founder and managing partner of Fairlead Strategies, predicts that Bitcoin could reach $36,000 despite only a 0.7% increase in the past week. Stockton attributes this potential rise to a recent base breakout on Bitcoin and a decline in the volatility index.
She also notes the correlation between Bitcoin and the stock market, with the mid-May breakout of the S&P 500 and NASDAQ mirroring the Bitcoin trend. Despite a tumultuous year, Bitcoin has shown resilience and could see a significant increase in market capitalization with the projected price surge.
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