- Bitcoin price continues its steady recovery before setting new ATHs.
- Analyst expects another drop to $86,000 and 9-14 days of red.
- She says following this dip BTC price will see 2-3 months of only green.
Bitcoin’s price continues to trade in a corrective sideways movement after a significant fall from $108,000. Presently, the price of BTC is at $96,113 marking a dip by 1.49% in the last 24 hours. Analysts are debating what the next moves will be for the price of Bitcoin. While many expect BTC to hit much greater prices, others expect greater lows before the pump.
Bitcoin Recovery Underway
The Crypto Fear & Greed Index marks a score of 73 signaling a market drop to ‘Greed’ sentiment from its previous ‘Extreme Greed’ sentiment. According to one analyst the price of BTC will hit $110,000 before heading towards the $125,000 to $135,000 price range. However, he states that this pump will also see dumps towards the $90,000 price.
Based on Bitcoin’s performance over the last 5 days, his predictions came true. Presently, another analyst makes a similar prediction. As we can see from the post above, this analyst expects the next dump target for BTC to hit $86,000 before heading towards a new ATH.
Next Moves for Bitcoin
Furthermore, she elaborates on her prediction as stated in the post above. She says that another 9-14 days of red may be in store for the crypto market. After this phase of red, we may see 2-3 months of up-only green. Indeed this is exciting news for crypto traders and analysts.
If Bitcoin dominance can reclaim the narrative, Bitcoin could see a new ATH very soon. Some analysts expect the BTC price to hit $200,000 in the coming year. Similarly, expectations for a bullish altseason are growing stronger every day.
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