A Crypto Trader Predicts Bitcoin’s Path to $90,000
A top crypto analyst, known for accurately predicting Bitcoin’s market bottom in 2022, has outlined a roadmap for BTC to reach $90,000. In a strategy session, the analyst explains that if spot market Bitcoin exchange-traded funds (ETFs) are approved, BTC could surge straight to $60,000 and then experience a quick and aggressive correction before rallying to $90,000.
The analyst suggests that hitting $60,000 would be a significant resistance level and could trigger a pullback. However, this pullback should be seen as a buying opportunity since BTC has already tested the $60,000 level multiple times. If the pullback occurs and BTC breaks through $60,000, the analyst expects it to reach higher levels of $70,000, $80,000, or even $90,000.
In a bearish scenario, the analyst predicts that BTC could drop to around $35,000 in the coming months. Currently, Bitcoin is valued at $42,601.
Hot Take: Bitcoin’s Potential Path Ahead
A top crypto trader has provided insights into Bitcoin’s potential price trajectory. With the possible approval of spot market Bitcoin ETFs, BTC could surge to $60,000 before experiencing a quick correction. This correction should be seen as a buying opportunity as BTC would have tested the resistance level multiple times. If BTC breaks through $60,000 on its next test, it could rally to higher levels of $70,000, $80,000 or even $90,000. However, in a bearish scenario, BTC may drop to around $35,000 in the coming months.
By
By
By
By
By
By