Bitcoin may see short-term dips before surging past $100K, as liquidity tightens and analysts forecast a volatile but bullish future for BTC price action.
Bitcoin is poised for a volatile journey as liquidity tightens, with analysts predicting short-term dips before a massive bull run. Despite concerns over global liquidity trends, Bitcoin’s price structure remains bullish, with predictions of reaching $100K or higher after a potential capitulation.
Key Points:
Liquidity Squeeze: According to analyst Cole Garner, on-chain liquidity is tightening, signaling possible capitulation before a full bull market.
Range Lows Expected: Bitcoin may drop below $50K before its anticipated surge to $100K and beyond, reflecting declining global liquidity and stablecoin supply.
Bullish Structure: Despite short-term downside risks, the long-term structure remains bullish, with BTC establishing higher highs.
Global Central Bank Influence: Central bank actions in China, the U.S., and Japan will likely impact liquidity and Bitcoin's price movements in the coming weeks.
"Uptober" Outlook: Some traders still expect Bitcoin to rally by the end of October, supported by predictions of long-term price growth reaching $135K within the next year.
As Bitcoin navigates a period of tightening liquidity and potential short-term dips, the overall outlook remains bullish. Analysts suggest that despite a possible drop to range lows, Bitcoin’s market structure is strong, setting the stage for a rally toward $100K and beyond. Investors should prepare for volatility but remain optimistic about long-term gains.
Source: Cointelegraph
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