Bitcoin Short-Term Trend Opinions Divided: Some Traders Eye $84,000, But Bearish Risks Remain

Odaily The crypto community is divided on Bitcoin's short-term trajectory, with some analysts warning of potential new lows, while other traders are already targeting $84,000. Details are as follows:

1. Keith Alan, co-founder of Material Indicators, stated that the BTC price bottom has not yet been reached, and the current primary task is capital preservation. Keith Alan pointed out that the $69,000 high from 2021 is crucial in the current relief rally. While $60,000 was yesterday's support, it is highly likely that prices will fall to lower levels before the bull market returns.

2. Rekt Capital believes historical trends suggest BTC still has room to fall. After reaching a bull market peak in the fourth quarter of the post-halving year, BTC often experiences months of a relief rally, followed by a break below the macro triangle bottom and entry into an accelerated decline phase. The current cycle is the fourth consecutive one to align with this historical tendency.

3. Analyst Michaël van de Poppe offered a different perspective, stating that he expects market prices to rebound to fill the CME gap, with the potential for continued gains above $75,000 next week.

4. Samson Mow, CEO of JAN3, stated that BTC will soon fill the $84,000 CME futures gap. He also highlighted the significance of large corporations' ability to purchase BTC as a reserve asset. (Cointelegraph)