Bitcoin price today began with a minor consolidation that soon lost momentum and began to deplete. While the price drop appears to be temporary, the impact is expected to be significant. After the recent bearish weekly close, it is quite evident that the BTC price could drop below $23,000 very soon. However, some analysts are still extremely bullish on Bitcoin and believe the price may rise and hit $30,000 in the next 4 weeks.
To do so, $25,000 levels could remain a crucial juncture that has to be cleared. A senior Bloomberg analyst, Mike McGlone also believes that the asset needs to rise above the $25,000 resistance. Summarizing his new research, he wrote,
“Headwinds Remain Strong; Markets Have Bounced- ‘Don’t fight the Fed’ was the dominant headwind for markets in 2022, and remains so in Q1,”
Besides, some analysts still believe the BTC price could hit $30,000. A popular analyst, Kaleo still believes that the BTC price may, however, rebound from the current consolidation
Source: https://coinpedia.org/price-analysis/this-is-when-bitcoinbtc-price-may-surge-30-to-hit-30000/