Joao Wedson, founder and CEO of crypto analytics platform Alphractal has made his assumptions clear as he shares his expectations of bitcoin. He noted how bitcoin has corrected 15% from its ATH already and if this continues we might see bitcoin start the bear market starting from next year. He also noted how this cycle can't be judged the same way as previous ones because of involvement of ETFs and other major investors. But we all know how in all previous years, the last quarter of the year is when bitcoin usually pumps. So the chance of bitcoin correcting and pumping next month is possible. Are you waiting for that pump? or have you already been affected by FUD?
I think Bitcoin price will be a little less aggressive this month, but the aggressive trend will start from October and the upward trend may continue until the end of this year. Institutions and individuals who predict Bitcoin price can never say for sure and continue their analysis based on speculation, but based on my own analysis, I do not foresee a significant decline.
The possibility of the global economy going into a recession as a result of world trade and war is very low because the war situation between Ukraine and Russia is more likely to stop and the instability in the Middle East will not affect the Bitcoin market in a negative way. Based on previous analysis, it can be said with almost certainty that Bitcoin price will exceed several more ATH in October and November.