According to ChainCatcher, the crypto community is divided on the short-term trend of Bitcoin. Some analysts warn that the price may be heading towards new lows, while some traders have already set their sights on $84,000.
Among them: 1. Keith Alan, co-founder of Material Indicators, stated that the bottom of BTC price has not yet appeared, and the primary task at present is capital preservation. Keith Alan pointed out that the $69,000 high in 2021 is crucial in the current easing rebound. Although $60,000 was yesterday's support, it is highly likely to fall to a lower level before the bull market returns.
2. Rekt Capital believes that historical trends suggest BTC still has room to fall. After reaching the peak of the bull market in the fourth quarter of the year following the halving, BTC often experiences a few months of easing rebound before breaking below the bottom of the macro triangle and entering an accelerated decline phase. The current cycle is the fourth consecutive one that conforms to this historical tendency.
3. Analyst Michaël van de Poppe offered a different view, stating that he expects market prices to rebound to the CME gap and potentially continue their upward trend to above $75,000 next week.
4. JAN3 CEO Samson Mow stated that BTC will soon fill the $84,000 gap in CME futures, and the ability of large enterprises to purchase BTC as a reserve asset is also worth noting.
