Crypto analyst EGRAG CRYPTO has issued a bold prediction for Bitcoin (BTC), forecasting a potential rise to $89 before entering a bear market at $38. This projection is based on historical data and the RSI reading of 67, suggesting strength rather than overbought conditions. The analysis anticipates this bullish trend to continue until a market correction brings the price down to $38.
The community response has been divided, with some supporting EGRAG’s prediction and citing historical patterns, while others focus on the source of RSI readings and demand more precise data for greater clarity. However, EGRAG remains confident in their projection, inviting the community to revisit the analysis after 90 days and challenge its validity.
EGRAG’s chart has sparked lively debate within the crypto community, particularly as it highlights potential resistance levels and a possible bear market floor based on historical price movements. This bold prediction offers insights for traders looking ahead to Bitcoin’s next significant market move.