Powerless course: Bitcoin is boring – but that could soon change

Analysts are divided on how Bitcoin’s price will develop over the next few weeks. Is everything as boring as it is now? Crash to $12,000? Is there a clear upward trend? Everything seems possible.

If it rises, falls or stays – the analysts are divided on how the Bitcoin price will develop in the short term.

Photo: Panthermedia.net/zidi

Bitcoin and the crypto markets still fail to develop any significant upward momentum. Almost all digital assets have been idle for weeks, punctuated only by brief setbacks and recoveries. In short: Bitcoin’s price action is boring – but that could soon change. However, analysts are divided on how the number 1 cryptocurrency will develop in the short term: Will the feared crash to $12,000 still occur – or will Bitcoin now start its next uptrend without a prior correction?

Bitcoin: Another 50% Crash Coming?

Blockchain data provider Santiment aptly sums up the current sentiment among investors in an analysis: “The crypto crowd is anything but euphoric about the markets.” Expect the fourth quarter,” the researchers concluded. Bitcoin (BTC), Binance Coin (BNB), Ripple’s XRP and Cardano (ADA) are all bullish, only Ethereum (ETH) is “slightly bearish”.

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