Bitcoin Bulls Counter Bearish Sentiment, See Price Surge to $200K by Year-End

Despite recent volatility and Bitcoin’s dip below $108,100 following a hotter-than-expected U.S. PCE inflation report, some analysts predict the correction is not a sign of a cycle top. Instead, they suggest that the upcoming Fed policy decision in September could trigger a major rally, potentially pushing the number one cryptocurrency to unprecedented levels by year-end.