Bitcoin is on a roll, hitting new all-time highs. But before you rush in to buy, listen up!
Latecomers Beware: Volatility Ahead
A seasoned crypto analyst, Ali Martinez, is warning new investors to be cautious. He thinks Bitcoin’s recent price surge could be followed by some sharp dips.
Martinez is seeing a technical signal that suggests a correction is coming. He thinks Bitcoin could drop back to around $72,000 before climbing higher.
The $85,000 Target
Martinez is still bullish on Bitcoin in the long term. He thinks it could reach $85,000, but it won’t be a smooth ride. He expects a pullback to $71,500 after hitting $78,000.
Momentum is Key
Another analyst, Negentropic, agrees that momentum is key for Bitcoin to keep going up. He thinks Bitcoin has been building momentum since October, and if it keeps this up, it could reach even higher peaks.
The Bottom Line
Bitcoin is in a strong bull market, but it’s important to be aware of the risks. New investors should be prepared for some volatility and not get caught up in the hype. If you’re thinking about buying Bitcoin, do your research and invest strategically.
