Bitcoin Market Outlook: Diverging Analyst Predictions
- Two crypto analysts present opposing views on Bitcoin’s market trajectory.
- Doctor Profit suggests two scenarios: a bottom at $68-74k or a crash to $50k in a Black Swan event.
- Astronomer claims an 87.5% chance that the market bottom is past, based on historical patterns around FOMC meetings.
- The next FOMC meeting is set for March 19, with potential price reversals expected before this date.
- At press time, Bitcoin traded at $83,277.
Crypto analysts Doctor Profit and Astronomer offer differing predictions for Bitcoin’s future, with potential outcomes ranging from a significant downturn to the worst being over, supported by historical data on FOMC meeting impacts. At present, Bitcoin trades at $83,277.
Source (2.6)https://www.newsbtc.com/news/bitcoin/bitcoin-bottom-confirmed-data-87-5-chance/?rand=52377