Bitcoin price drops below $100,000 taking market sentiment down.
Seasoned analysts remain bullish and expect continued sideways action.
He expects the next BTC ATH to be hit between $125,000 and $135,000.
Bitcoin slumps back under the $100,000 price mark and is currently hovering by the 5-digit price of $98,202. This fall in price came after Bitcoin (BTC) set its latest long-awaited 6-digit ATH at $103,900.47. This pump was a highly-anticipated event and new traders are disheartened to see BTC price fall back.
BTC Falls Under $100,000 Target
This fall in price has resulted in a fall in positive crypto market sentiment as well. To highlight, the Crypto Fear & Greed Index fell from a score of 84 to 72 in just a day. However, despite this fall in global sentiment, seasoned analysts continue to remain incredibly bullish. With forecasts arising of BTC cycle top at $200,000 and above in 2025, analysts explain what to expect for the coming days ahead.
Seasoned Analysts Remain Heavily Bullish
https://twitter.com/DrProfitCrypto/status/1864768354558369916
A popular and reputed crypto analyst, Doctor Profit, known for his very accurate crypto market predictions so far goes on to share his expectations for Bitcoin’s next move. As we can see from the post above, this analyst rejoices over his most recent prediction surrounding BTC’s latest ATH.
He recognizes the current dip as another sign of play from market makers to get more retail traders to join in the market action. He says that this dip will likely see a fluctuation between $90,000 to $110,000 in the coming days. This means more new ATHs lie ahead. Still, he says that the next major ATH target for BTC will lie between $125,000 and $135,000.
The post Analyst Who Predicted BTC’s $103,900 ATH Says Bitcoin’s Next ATH Target Will Be Set Between $125,000 and $135,000 appeared first on Crypto News Land.
