Bitcoin Price Prediction: Will It Reach $250,000 in the Future?

BTCUSD

is looking extremely bullish despite the recent 4 month consolidation.

For more than four months, Bitcoin has basically been moving sideways, experiencing quite volatile swings towards the upside and downside. However we should not neglect the overall bullish behaviour of Bitcoin which is still creating cycle and correction after cycle and correction. Therefore, maybe after a short term pullback, I do expect (much) higher prices on Bitcoin.

Levels to watch: $67.000, $37.000

Keep your long term vision,

Philip - BasicTrading