Bullish and Bearish Analysts Clash Once Again Over the Expected Outcome for BTC Prices

Bullish and bearish analysts clash once again

What is the expected outcome for BTC, new highs or lower lows?

Analysts debate the matter and share their theories.

The new week of the final month of the year saw more erratic price action, especially for the pioneer crypto asset, Bitcoin (BTC). In the last 24 hours, the price of BTC has dipped to the $88,000 price range and recovered back up to above $91,000, leaving many analysts stymied and too confused to read the meaning behind these price movements. Thus, bullish and bearish analysts clash once again over the expected outcome for BTC prices

Bullish and Bearish Analysts Clash Once Again Over BTC Price Movements

According to CoinMarketCap analytics, the price of Bitcoin (BTC) is trading in the $91,500 price range and is up by 2.43% in the last 24 hours. The pioneer crypto asset is boasting a total market cap of $1,827,141,110,386.76 and a 24-hour trading volume of $54,275,527,407.83. If BTC were to move towards claiming a new ATH, it needs a pump of almost 27.5% to reclaim its previous ATH price in the $126,000 price range.

Similarly, the prices of Ethereum (ETH), the pioneer altcoin asset and other popular altcoins are also mirroring Bitcoin’s price movement, seeing erratic pump and dumps in a sideways movement. This frenzied momentum has left the CMC Crypto Fear & Greed Index with a score of 24, marking a strong ‘Fear’ sentiment. This could either mean that the crypto market is heading into a heavy bear market, or it could be an extended accumulation phase before a massive price surge

Bitcoin Price Can Move Either Way

Presently, the crypto community is torn between bullish vs bearish expectations for BTC. While some expect BTC to slip into a prolonged bear market, based on the 4-year bull cycle blueprint, others expect an extravagant price pump leading to a 5-year supercycle and a cycle top price sometime in the coming New Year. These divided sentiments are leading to many heading debates within the community

AS we can see from the pot above, this analyst is heavily bullish on BTC and believes a breakthrough is just on the horizon. According to the chart shared in the post, the analyst highlights how bulls are still struggling to reclaim the $93,000 resistance level, but notices how the barrier is getting weaker with every attempt. If bulls manage to reclaim this level, a massive breakout is likely next week & Bitcoin could quickly resume its bullish rally.

On the other hand, bearish analysts remain adamant that the price of BTC will hit greater lows. To highlight, he states that the bottom for BTC is not in and it won’t be in either in the next weeks or months. In fact, he says that BTC has brought us to a bear market that will last at least till September 2026. Which way will BTC move and what sentiment will win over the other before the New Year kicks off?