Bitcoin Bullish: No Pullback in Sight Before $90,000
CryptoNewsTerminal Staff22 May, 2024
Bitcoin Bullish: No Pullback in Sight Before $90,000
Bitcoin is bullish, and there is no pullback in sight before it reaches $90,000, according to CoinTelegraph. Multiple analysts predict that Bitcoin will continue its upward trend, with one anonymous analyst saying that the recent 21% correction was "the healthy pullback needed before the next leg up." Bitcoin's fundamentals and technicals are aligning, suggesting that the real bull run is only just beginning. It will take a run to the $90,000–100,000 area to induce another pullback. This news is significant because it suggests that Bitcoin is still in a bull market and that there is still room for growth. Investors who are looking to buy Bitcoin should consider doing so sooner rather than later, as the price is expected to continue to rise.
