Attack of The Bears: Analysts Paint Bleak Short-Term Bitcoin Price Predictions

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Attack of The Bears: Analysts Paint Bleak Short-Term Bitcoin Price Predictions
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The Bitcoin market correction, which has been ongoing for the past six months, is currently around 23%, which isn’t too deep historically.In a post on X on Sept. 5, trader ‘Crypto Louca’ predicted that Bitcoin price will continue to retreat this year, falling into a price zone between $36,000 and $46,000.Analyst IncomeSharks examined the market picture for this year and stated that if September isn’t the local bottom, “then it’s probably time to move away from this structure.

CryptoQuant head of research Julio Moreno said that Bitcoin price was down “simply because there is no demand growth.” “A massive thrust into new ATHs is required to get this bull market back on track,” he said before adding that selling is stronger than buying in this pattern.

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