Bitcoin's Future: Price Predictions and Market Analysis.

Bitcoin's price has dipped below $30,000, with analysts predicting a short-term support retest. The coming week is expected to be fairly innocuous for macro data releases, with catalysts likely to come elsewhere as BTC price action decides on a key support zone. Bitcoin mining difficulty is set to increase for the fifth time in a row, while the Crypto Fear & Greed Index is rapidly homing in on repeating the climate of November 2021. Meanwhile, more than three-quarters of the mined BTC supply is now in profit, with long-term holders currently outnumbering short-term holders or speculators significantly.