Bitcoin has taken a hit, dropping from $71,980 to $67,000. But don’t worry, says crypto analyst Jelle.
Why Investors Should Stay Calm
Jelle believes Bitcoin is still on track with the 2017 bull run. Once it breaks above $69,000, he predicts a surge to $100,000.
Bullish Signs
- Key resistance levels have been broken.
- A bullish divergence has formed on Bitcoin’s chart.
Analyst Mags Agrees
Mags sees this correction as a “fakeout” before a rally. Bitcoin has followed a pattern of consolidating for a while before breaking out and surging.
BitQuant Predicts a Big Move
BitQuant sees the dip as a sign that Bitcoin is preparing for a “big leg up” to $95,000.
Bullish Outlook Regardless
Analyst Rekt Capital says Bitcoin’s outlook is bullish either way. It could either break out now or consolidate for a few more weeks.
What It Means for Investors
- If Bitcoin breaks out now, the bull run could accelerate.
- If it consolidates longer, it could lead to a longer bull run overall.
