What Do Analysts Expect for BTC Price?
Crypto analyst Michael van de Poppe predicts that the Bitcoin price is now at the end of the correction and could find support in the range of 56-58 thousand dollars.
"Bitcoin is at the end of the correction. It is currently more than 20% below its recent highs and we will face more negativity from here. If the correction continues, I think we should watch the green zones between 56-58 thousand dollars."
Experienced trader Peter Brandt expects further declines in the Bitcoin price. He said that the BTC price has peaked and the charts look like a descending triangle, indicating a decline until the price breaks out. Before the bull market continues until 2025, Brandt predicts a drop to 47-49 thousand dollars.
