The last few months of solid growth have instilled confidence that Bitcoin is unstoppable. Each time Bitcoin updated its maximum and even managed to get close to the $60,000 mark. However, then its price fell sharply in a few days and for many investors it came as a shock… for some reason.
Is it really the end of the Bitcoin rally or it’s just a pause before another storm? Let’s try to figure it out.
We are definitely seeing a slowdown in the current rally and a very strong resistance to the $ 60,000 barrier. I think we have a long time ahead of us, maybe a few months until we get to the next rally and the next bullish cycle. Until then, the price will range from $ 50 K to $ 60 K - $ 61 K most likely.