Bitcoin's Next Target: $30K or $34K?
TL;DR Summary
Crypto strategist Benjamin Cowen predicts that Bitcoin will experience choppy price action between $15,500 and $29,000 this year, following the Federal Reserve's interest rate hike. Cowen believes that Bitcoin will eventually recover after trading in the range between its 2022 low and 2023 high, and that the 84% rally since the 2022 low is still sideways price action. He compares Bitcoin's current price action to that of 2015, which also saw an 80% move from the bottom to the top.
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