Crypto analysts are predicting a short-term dip in Bitcoin’s price, despite a bullish outlook for the longer term.
Bluntz’s Bearish Prediction
Bluntz, a popular crypto analyst with over 300,000 followers, sees Bitcoin’s recent price action as “concerning.” He believes Bitcoin will likely drop before hitting a new all-time high. His analysis, based on the Elliott Wave theory, suggests a fall to around $90,000 before a surge above $115,000. Bitcoin is currently trading below its recent high of around $102,700.
Rekt Capital’s Take
Another analyst, Rekt Capital, also holds a short-term bearish view. He forecasts Bitcoin trading between $91,000 and $101,165 in the near future. However, Rekt Capital remains bullish on Bitcoin’s long-term prospects, expecting the bull market to continue for several more months. He predicts the peak of the bull market and the start of a significant bear market in 2025, lasting well into 2026 with potential losses of 65% to 80%.
Disclaimer
This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies. Investing in crypto carries significant risk.
