Expert opinions on Bitcoin (BTC) price prospects are divided. Some are confident in the potential for short-term price correction, while others predict significant market fluctuations.
Challenges in Bitcoin Price Analysis
Trader Luca points out that the current price situation with Bitcoin could mislead bears, creating conditions for a significant price surge. He notes that the current setup resembles a fractal observed last year before a strong price increase in 2024.
Risk of Bitcoin Price Drop
According to Alphractal CEO and CryptoQuant researcher João Wedson, Bitcoin at $111,238 may drop to $50,000 before exceeding $140,000 again. He raises questions regarding the reliability of the current fractal amid increasing institutional interest in BTC.
Bitcoin Outlook for the Coming Weeks
Meanwhile, analysts warn of the possibility of the price falling below $100,000. At the time of writing, Bitcoin is trading around $111,000, with $126 million in short liquidations reported. Analyst Rekt Capital emphasizes that a rise above $113,000 is feasible.
Predictions regarding Bitcoin prices remain varied. In the coming weeks, traders and investors will closely monitor dynamics and potential trends in the market.
