The future of Bitcoin (BTC) remains uncertain as the market continues to experience high levels of volatility, according to a popular crypto analyst. The analyst suggests that BTC could either reach $100,000 or drop to $75,000 within the next week. The analyst notes that the higher time frame chart for BTC does not provide much clarity on its direction. The analyst expects weeks or even months of choppiness in the market before Bitcoin makes another significant move. The analyst also mentions that BTC tends to experience a capitulation phase before finding a bottom, and cites previous cycles as examples. The current price of Bitcoin is $89,957, with a 2.5% increase for the day.



Other News from Today