Post by: newshunter on January 05, 2022, 01:02:21 AM
Analysts predict a short-term drop to $46,000 for BTC before it resumes its uptrend, which could see its price rise to $60,000 by February.
Source: Bitcoin traders expect $60K by month’s end, marking $45K as ‘accumulation’ (https://cointelegraph.com/news/bitcoin-traders-expect-60k-by-month-s-end-marking-45k-as-accumulation)
Would appreciate your opinion about this
Post by: TomPluz on January 05, 2022, 06:21:42 AM
That's a good prediction and if this is coming from real and veteran traders and not from a non-expert like me then it must be holding some water and not just an empty bag. I think they are putting more weight that in Bitcoin right now there is an accumulation stage happening and soon there can be an explosion in terms of price and the estimate is around February. Now, hope it will really be coming true so we can fend off the coming of the lazy bears!