#TradeNTell Bitcoin May Continue to Consolidate: While the Next ATH for BTC Price Could be $500K

Ever since the genesis of Bitcoin, which was a result of the financial crisis of 2008–09, it has never left any stone unturned to surprise the world. In the past few days, the token has faced huge turmoil and landed below $39,000. Amid speculations of a continued descending trend, the BTC price triggered a strong rebound and is now heading towards the pivotal level at $43,000. However, the token needs to surpass some important levels, which may only validate a rise beyond the bearish influence.

A popular analyst, Michael van de Poppe, believes the impact of the spot Bitcoin ETF launch may be witnessed in the next few years. With this, the BTC price may even go as high as $300K or even $500K. Until then, the Bitcoin price may continue to consolidate between $37,000 and $48,000 for the coming months, while the altcoins will have their time. 

https://coinpedia.org/price-analysis/bitcoin-may-continue-to-consolidate-while-the-next-ath-for-btc-price-could-be-500k/#BTC $BTC