In January 2023, our statistical analysis of Bitcoin (BTC) opened up the possibility of a strong bullish recovery in its price.
In January 2023, our statistical analysis of Bitcoin (BTC) opened up the possibility of a strong bullish recovery in its price.
Always at the center of speculation, Bitcoin continues to make headlines. Ever since it regained momentum, almost all analysts expect the asset to explode. Perhaps not to the same extent, as some believe Bitcoin is undervalued.
While Bitcoin is booming at the Miami Beach conference, Mike McGlone has made an unpleasant prediction for crypto investors. According to his analysis, the flagship cryptocurrency will suffer a decline if the conditions mentioned below happen.
The volatility of cryptocurrencies leads us to accept that the bull run is far from being linear at all. Bitcoin, which started this year with impressive performance, allowing it to flirt with $31,000, has now dropped back to $27,000. Such conditions lead Rekt, a notorious crypto analyst, to predict a decline for the queen of cryptocurrencies.
This prediction comes from Kevin Svenson, a crypto analyst with 126,000 followers on Twitter. He has stated that Bitcoin is gearing up for a bull run, and altcoins like LINK will follow it.