A lot of eyes are on the Bitcoin price chart right now. That is only normal, as this market dictates the pace for all other cryptocurrency markets as well. As Bitcoin is now subjected to some uncertain momentum, the mid-term price predictions are becoming all the more relevant. The following predictions show things can get pretty interesting, although not everyone will agree with these outlooks.
The Ongoing Bull Cycle Hype
For the past few weeks, it would appear a lot of cryptocurrency users claimed the bear market is finally over. When looking at today’s price chart, it seems that may not necessarily be the case just yet, although this latest dip doesn’t seem to be too severe either. EXCAVO had taken this dip into consideration, as this user claims it is part of the ongoing uptrend. Achieving the $5,000 level has been a big success, but it quickly became apparent there would be some negative price pressure in the weeks afterward as well.
When looking at this mid-term and long-term Bitcoin price chart, however, there may…