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Bitcoin Bounces Back to $106K: Is Now the Time to Buy or a Risky Bet?

Bitcoin news on June 8, 2025, shows a volatile yet intriguing market. After dipping below $104,000 due to reported tensions between Trump and Musk, Bitcoin has rebounded to around $106,000, fueling optimism for a bullish week ahead. Analysts on X highlight a recent all-time high, with some predicting a climb toward $320,000 based on technical patterns like a Bullish Megaphone. Discussions also point to Bitcoin’s decentralized ethos, as core developers encourage user autonomy, reinforcing its appeal as a hedge against inflation.

Is it worth buying Bitcoin at these prices? It depends on your financial goals and risk tolerance. The bullish sentiment, driven by institutional adoption and Bitcoin’s scarcity, suggests potential for growth, with forecasts ranging from $93,421 to $250,000. However, volatility remains high, with possible dips to $40,000 and regulatory uncertainties looming. For long-term believers, dollar-cost averaging could mitigate risks. Only invest what you can afford to lose, and thorough research is crucial before diving into this speculative market. $BTC (+1,08 %)
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