John Deaton, a prominent crypto lawyer known for his involvement in the Ripple case, forecasts that Bitcoin could reach $110,000 by the end of the year. Deaton's prediction is based on strong accumulation trends and technical momentum, suggesting a potential surge to $125,000 if the $110,000 resistance level is surpassed.
Deaton highlights significant wallet activity and strategic positioning on exchanges as factors supporting his outlook. He also notes that market indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) remain bullish. However, he cautions traders to be mindful of risks associated with leverage and market volatility.
XRP Lawyer John Deaton Predicts Bitcoin Surge to $110K by Year-End
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