Predicting the next Bitcoin price peak: Here’s what can come after $ 23K
price easily exceeded $ 20,000 on its third iteration, fueled by a surge in purchase volume. Following the cut, analysts predict that the dominant cryptocurrency will eventually rise to the mid-$ 30,000s. However, in the short term, expectations of withdrawal are growing.
There are compelling arguments for short-term bull and bear cases. Traders who are extremely optimistic in the near term indicate that the surge past $ 20,000 has confirmed a new bull trend. With no technical objection above it, it is anticipated that the rally will continue. Because there is no historical data to rely on above $ 20,000, Bitcoin (BTC) has entered unprecedented territory.
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