Bitcoin (BTC) at $ 90,000The bullish forecast for bitcoin now places it in the $ 75,000- $ 100,000 range by the end of 2021. Even a low below $ 60,000 would not undermine bitcoin’s uptrend.

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Bitcoin at $ 59,000: the best case scenario for bitcoin

Bitcoin drops to $ 62,300 today, November 12, 2021, before winning back the 63, then the $ 64,000. It is trading at $ 64,303 at the time of writing, and is currently recording a daily gain of 2.02%.

Bitcoin has undergone a correction after hitting an all-time high at $ 69,000 and may enter a phase of consolidation. For the Galaxy trader, a fall to $ 59,000- $ 61,000, followed by consolidation, would allow the bullish rally to continue :

“A decline to 59-61k followed by some consolidation would be the best way to continue the bull-run in my opinion”

This scenario “might not happen, but it would be extremely healthy for $ BTC and alts.”

Bitcoin at $ 90,000: post-correction hikes

While bitcoin is currently trading at just over $ 5,000 of its current ATH, Decentrader expects new all-time highs at $ 90,000 in the coming weeks, with the resumption of the bull run:

“We remain bullish on the high time frames and continue to expect the price to rise to the $ 85,000- $ 90,000 region in the coming weeks, which aligns with the retracement level. of fiber 1.618 “

The Galaxy trader has also issued bullish forecasts, but much less optimistic than Decentrader. He sees a bitcoin at $ 75,000 in the short term, indicating that retest lows were healthy for a bullish rally:

“Yesterday’s retest was necessary to continue the bullish run in a healthy way. I think we’ll start pumping harder now ”

Bitcoin could rise to $ 75,000, despite a low of $ 59,000.
Galaxy publication – Source: Twitter

This bullish outlook comes on top of others that were issued as markets were still shaken after bitcoin’s boost to $ 69,000.

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