Bitcoin price is stalling at $65,600 with about 1 hour left before the daily close, and the last 2-week candle is red. We know that cryptocurrencies do not and will not experience constant increases. Even during the toughest days of bull and bear markets, intermediate corrections occur. So, what are the current Bitcoin predictions of cryptocurrency commentators?

Cryptocurrency Commentators

US stock markets did not open as positive as expected. Spot Bitcoin ETFs did not see the expected enthusiasm. In other words, on the fourth day of the week, we could not experience the events that would trigger the general market rise expected after the Fed meeting. Powell's statements were still positive, and it is possible that the markets will be further isolated from the pressure on the macro front after the inflation data in the coming days.

Popular cryptocurrency commentator Aksel Kibar said the following about the current situation;

“The ideal condition for me may be coming true. I love it. Parabolic movements are not healthy for the long-term trend. Pauses allow for greater participation.

This analyst thought that the price should trade sideways for a while before it breaks above $69,000. This process may have started, albeit delayed.

Bob Loukas Bitcoin Comment

The second popular cryptocurrency commentator is Bob Loukas, and what he also targets for new highs is deeper bottoms. Bob thinks price corrections are needed for the rise to continue strongly.

“There is a very clear path for Bitcoin. Strengthening FOMC could mean lower levels on the 60-day timeframe. If there is still a move lower to come, 10dma is where it will turn lower. Structurally better for bull market sustainability. Otherwise closing >$70k probably go go go (rally) time.”