The previously mentioned scenario of Bitcoin dropping to $69,000 is no longer valid. Based on the data and analysis currently available to me, Bitcoin has the potential to form a new ATH around $150,000. This move could take approximately 291 days to materialize.
Maintaining a prolonged bearish trend is becoming increasingly difficult, as investors are continuing to buy with strong confidence. Following the Bitcoin halving, the amount of BTC being mined has decreased, making it difficult for supply to meet demand. When supply fails to satisfy demand, price inflation naturally increases.
According to my analysis, global economic inflation may weaken fiat currencies, which could further increase demand for the crypto market. In addition, there are numerous geopolitical factors influencing the market, all of which require continuous and careful analysis.
My stance is that Bitcoin carries a higher probability of being pushed further upward from current levels.
This is only my personal analysis and not financial advice. Always make decisions based on your own research and analysis.
