Let’s take a quick look at what global analysts have said about Bitcoin (BTC) price and collapse scenarios this week…
Analysts maintain bullish targets
Dutch cryptocurrency analyst Michaël van de Poppe said he believes Bitcoin (BTC) is near the bottom and that another big cycle will follow next year:
Bottoms can take time to come and unfortunately they do. And in Bitcoin, we’re approaching the bottom. After that, we will experience another great cycle in 2022. No problem.
Kaleo, who has more than 455,000 followers on Twitter, retweeted his previous post, saying he expects “one more dive” to the $48,500 level for BTC, followed by a rebound:
Sherpa expects calm in Bitcoin (BTC)
Another mysterious analyst, Altcoin Sherpa, said that even if the market continues to rise, Bitcoin could spend time in a certain range over the next few weeks:
To be honest, I expect the course of BTC to change over the next few weeks. With a stop loss below the lows (on high timeframe charts), I’ll just bring the dollar cost average into this range. Let’s create another HL and continue the ascent.
Justin Bennett stated that 2021 is a year of consolidation for BTC and continues to consolidate:
People are seeing a 38% drop from BTC and panicking. The same people are calling for a bear market at every broken support. The truth is that 2021 has been a year of consolidation for BTC.
cryptocoin.com Benjamin Cowen, whose analysis we shared with you, stated that Bitcoin is still trading between the Simple Moving Average (SMA) and the bull market support band:
BTC still between 50W SMA and bull market support band
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