Analysts have recently shared their short-term predictions for the price of Bitcoin. While some believe that the price could drop as low as $50,000, others predict that the recovery will continue and a jump may occur. John Bollinger, the creator of Bollinger Bands, is one of the analysts who thinks positively about the Bitcoin price. He pointed out that a two-bar reversal pattern has formed in the lower Bollinger Band, which could result in BTC testing its all-time high of $73,000. Keith Alan, co-founder of Material Indicators, also announced his Bitcoin predictions, stating that technical indicators on the BTC daily chart point to an upward trend. However, he warned that if Bitcoin ends June below $56,500, the general upward trend could be at risk. At the time of writing, Bitcoin is trading at $61,222. Please note that this is not investment advice.
