Analyst Says Bitcoin Bear Market in Second Half, Sees Path to $200K-$250K
Real Vision's Jamie Coutts believes Bitcoin is in the latter stage of its bear market, with downside momentum fading and a potential move toward $200,000–$250,000.
BTCUSD
According to Real Vision analyst Jamie Coutts, Bitcoin is likely in the second half of its current bear market. He notes that downside momentum is diminishing, suggesting the cycle may be approaching its final phase.
Coutts outlined a possible price trajectory that could take BTC to the $200,000–$250,000 range. The analysis was shared via Cointelegraph Magazine, which reported on his market assessment.
The outlook comes as traders monitor key support and resistance levels in the cryptocurrency market. No specific timeline was provided for the projected move.
Source: Cointelegraph