- Bitcoin may be nearing the end of its ongoing correction phase.
- Analysts expect BTC price to go on to hit new ATHs soon.
- Jim Cramer expects a $90,000 BTC price, the opposite of his predictions often plays out.
The price of Bitcoin (BTC) is once again hovering in the $98,000 price range showing a steady recovery from the fall to the lower $90,000 price range after the pioneer crypto asset hit an ATH over two weeks ago at $108,268.45. This steady recovery has propelled the crypto market sentiment back to the ‘Extreme Greed’ phase with a score of 76.
The End of Bitcoin’s Correction Phase?
Anticipation for BTC price to hit higher targets in the coming months remains stronger than ever despite the growing altcoin dominance and the call for altseason. In fact, many analysts are certain that Bitcoin price will go on to set new ATHs very soon and this number ranges from $113,000 and $116,000 to much higher targets of $200,000 and above.
With the improving price of BTC at the moment, analysts are hoping to call for the end of the correction phase which could mean an end to the asset’s steady sideways movement. As we can see from the post above, this analyst advices crypto trades and investors to keep an eye on the market sentiment. He says that the stronger the disbelief, the higher BTC price can rebound and set a new ATH.
What’s the Next BTC ATH?
Adding to the bullish expectations is the reputed silver-tongued analyst, Doctor Profit. This traders highlights how Jim Cramer calls for a $90,000 BTC price. Historically, Jim Cramer’s predictions always play out just the opposite. Thus, the trader expects a new BTC ATH to arrive much sooner than expected and advices traders to remain patient.
