The worst-than-expected CPI data has caused Bitcoin to experience massive volatility on 13 October. Several prominent crypto strategists and analysts have already predicted the future prices of Bitcoin.
At the same time, some analysts predict a bullish note as Bitcoin can see a short-term bullish rally again. Toni Ghinea, a famous crypto analyst, now indicates that Bitcoin is ready to initiate a mini-bull run before bottoming by the end of 2022.
Bitcoin Is Under Bull Trap!
Bitcoin has been continuously trading in a consolidated zone near the $19K price level, and it may soon form a short-term bullish momentum, predicted by a crypto analyst.
Toni Ghinea, a significant crypto strategist, who predicted that Bitcoin would drop below $10K by the beginning of К1 од 2023, now forecasts that the crypto king is poised for an upward jump before initiating a downtrend in the price chart.
Према његовом недавном твиту, Bitcoin is forming a falling triangle pattern, which indicates a resistance level at a price range of $22K-$24K. Bitcoin is projected to reach this price range by the end of October before starting its bearish journey.
The analyst further predicts that this bullish trend may be short-lived as BTC price is expected to drop significantly to a price zone of $14K-$16K by the end of December.
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Source: https://coinpedia.org/bitcoin/bitcoin-bottom-not-in-btc-price-can-see-max-pain-in-december-january/