What do investors expect from BTC?
Some market participants are concerned about a continuation of the sell-off. For example, trader Bob Lucas sees premises for BTC to drop to the range of $86—88 thousand if the coin does not bounce back from current levels in the near future.
A similar forecast for Bitcoin was given by analyst Mark Cullen. He believes that BTC is set for further decline if the coin does not rebound soon. The analyst's negative scenario does not rule out a drop of Bitcoin to $86 thousand. At the same time, a rebound, in his opinion, could open the way for BTC to reach a new high above $100 thousand by the end of the month.$TIA $ATOM
Analyst Doctor Profit, for his part, believes that the correction after the attempt to storm $100,000 will not stop Bitcoin. He suggested that from the perspective of market cycle psychology, BTC is currently in a phase of "disbelief." This phase is characterized by the loss of investors' hopes for continued growth, despite the promising prospects of positive asset movement. According to the analyst, "disbelief" will be followed by the next attempt to storm $100,000, which may be successful.
