- Seasoned analyst says Bitcoin sideways movement is healthy.
- Bitcoin will steadily move into the next price pump area.
- The next ATH for BTC will be over $110,000.
The crypto market continues to show its volatile nature as the price of Bitcoin (BTC) neared the $100,000 price mark at $98,000 only to collapse to $95,000 and is not trading at $96,000. This fall is likely due to the latest Bybit issue. However, many seasoned analysts keep their eyes on the price and expect Bitcoin to rise to greater highs soon.
Seasoned Analyst Says Traders Need to be Stronger
Several analysts have shared their thoughts on the crypto market movements over the last day and one popular silver-tongued analyst is one of them. This analyst known for his many accurate predictions shakes his head over the many fickle traders trading in the volatile crypto market. As we can see from the post above, he elaborates on this point.
He says that today acts as the best example of why most people won’t make gains in the crypto market. He says that every day he ends up catching himself debating with bears about the current price action. Ultimately, he states that sideway fluctuation is the healthiest price action to exist.
Finally, he concludes by saying that moving between the $90,000 and $110,000 price range is very healthy for the pioneer crypto asset Bitcoin (BTC). He says this sideways movement is what he expects to see over the next few weeks before BTC goes on to set its next ATH price at over $109,114.88.
Seasoned Analyst Says Bitcoin Sideways Movement is Healthy
In another post, he says this sideways movement has always led to explosive Bitcoin price action. Previously, similar sideways movements took BTC from $24,000 to over $32,000 then from $57,000 to over $70,000, and now from $89,000 to over $110,000. Overall, seasoned analysts remain bullish on Bitcoin despite the latest price slips.
