Let’s take a look at the current price predictions of 4 popular Twitter and Youtube analysts as Bitcoin passes its first saadollar series above $ 43,000 since January 7th. Alex Kruger and Nicholas Merten think that a possible correction will have a positive impact on the market in general. Nexo Co-Founder Antoni Trenchev shared his 6-digit targets in BTC.
Analisdollarser sets critical levels in Bitcoin price
Alex Kruger says inflation is now the Fed’s number one concern. With Bitcoin (BTC) falling over 40% from ATH, the latest consumer price index (CPI) data, a tool for measuring inflation, could help determine the next phase of the crypto market cycle. Kruger also considers the possibility of correction in his recent analysis:
US inflation data will be released on Wednesday. If CPI surprises to the downside, prices can be expected to pad and move for a while. If the CPI surprises on the upside, “lights out”, BTC could drop to $30,000.
Next analyst Nicholas Merten, Bitcoin (BTC) He says that it will fall, but eventually it can find support from the lower prices and start a big rally. In his recent YouTube video, the analyst added that the Bitcoin market is going through a “unique cycle.” As for Merten’s price predictions, the analyst thinks that a 25% drop in BTC market cap to reach $600 billion will ultimately yield positive results:
25% market cap loss, this ascending support line above the previous resistance point of the 2017 cycle. It will allow us to create an HL level throughout. We can probably see it jump around $650-700 billion later.
Twitter analyst TechDev said that the Bitcoin price correction will not go deeper. Analyst with 334,000 followers emphasizes that BTC’s correction period is about to end and Bitcoin is preparing to start the next phase of its cycle. Similar to the second yellow box (below) in past cycles, we are at the beginning of a new impulse zone.
- TechDev adds that he believes Bitcoin is ready for another major rally in the first half of this year, but nothing has been definitively determined.
Antoni Trenchev shared 6-digit BTC price predictions
Finally, Nexo Co-Founder Antoni Trenchev, cryptocurrency Joined Bloomberg Markets to discuss the 2022 outlook for its units. The analyst thinks this year will be volatile for Bitcoin and predicts it will rise to $100,000 by the end of June.