As I predicted six months ago, Bitcoin is heading towards the lower line of the Bollinger Bands.
I think it will be in a corrective phase between the 50k-65k levels for about 6 months. By the end of the year, it will start to rally. How high it goes depends on how many new retail traders jump in.
Scenario two: the pump could happen sooner, one of the funds might start pushing the price up sharply, and literally within a week, millions of people and funds will join the rally.
I consider a drop below 50k unlikely; if it happens, it will be short-term. But this is crypto, so maybe $BTC will crash to under $1 and make way for the newcomers.
#BitcoinPrediction
I think it will be in a corrective phase between the 50k-65k levels for about 6 months. By the end of the year, it will start to rally. How high it goes depends on how many new retail traders jump in.
Scenario two: the pump could happen sooner, one of the funds might start pushing the price up sharply, and literally within a week, millions of people and funds will join the rally.
I consider a drop below 50k unlikely; if it happens, it will be short-term. But this is crypto, so maybe $BTC will crash to under $1 and make way for the newcomers.
#BitcoinPrediction