Currently, the BTC is traded at $34,430, with a daily increase of 3.6%. In a week, it has gained only 0.27%. Analysts call this bullish trend unstable, and therefore it’s hard to predict how the coin will behave.
A crypto analyst M. Karkhalev suggests that Bitcoin will remain in the current price range for some time as the current market is short of factors that could push the price. Only in case of testing the $35K mark, the coin will be able to grow steadily. Some experts are even less optimistic. Thus, Scott Minerd, an investment director at a company called Guggenheim, believes BTC may fall to $20k.
So we’ll see if the coin manages to keep the existing threshold