In the following months though after this month, I expect a more bearish move towards the prices of $55,000 and eventually $50,000.
Bitcoin will not go to $50,000 this month, but it could be in the following months.
This is something I think we should pay more attention to.
Bitcoin may not drop much this month and could even rise as many people are predicting. But as long as bear market is not over, we should not be complacent just because of a few scattered rallies and end up ignoring the scenario where it drops even harder.
Based on historical cycles, the bear market could last until the end of the year. Do not let a few short term rallies lower our guard.
To be honest, I also expect Bitcoin drops to 50k.
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