Crypto Analyst Warns Against Overly Optimistic Bitcoin Expectations

Colin Talks Crypto, a renowned cryptocurrency analyst, offered a cautious outlook on Bitcoin’s potential price trajectory over the next year. While acknowledging that various scenarios are conceivable, he highlighted that achieving new all-time highs from current levels is unlikely, placing this possibility at just 20%. 💰 📈 His analysis suggests a more probable scenario: Bitcoin will initially experience a relief rally to the $100,000-$115,000 range before facing a correction. 📉 🔍 This correction could unfold in two distinct ways: a short, gentle correction of 6-8 months followed by a strong rebound fueled by improvements in the ISM data or a more traditional bear market cycle lasting around a year. 🐻 While these scenarios form his base case, he cautioned investors against overly optimistic expectations, stating that Bitcoin’s price surge to new all-time highs immediately from current levels is not his base case prediction.