Cryptocurrencies have fallen into a bear market, but CryptoStackers founder Forrest Przybysz, who still thinks there is a huge recovery potential, shares Bitcoin (BTC)’s lowest price and next target. Read Cryptokoin.com for details.
“I will brutally buy Bitcoin (BTC) at these levels!”
Forrest Przybysz says that a wave of pessimism and FUD (fear, uncertainty and doubt) is hanging in the market and he thinks there is probably more volatility ahead. In the very near term, Przybysz’s charts show that Bitcoin (BTC) should make a splash. The token has been oversold, which means pessimism about the token’s prospects is shaking too much, too quickly. Przybysz believes that Bitcoin will likely exceed $40,000 in the next week or two.
While the bottom is yet to come for Bitcoin, Przybysz believes the bottom is near. However, if he is wrong and the token drops to mid-$20,000, the crypto expert says he will buy aggressively.
It wouldn’t surprise me to see we hit a low of around $26,000. In fact, that’s the level I’d personally buy very, very aggressively.
Przybysz considers the possibility of a ‘crypto winter’ to fall and vault as prices and sentiment are ‘moderately reasonable’ at this point. He predicts that if this dire outcome materialises, it will take about eight months for Bitcoin to return to current levels. Crypto winters have historically lasted several years, but Przybysz believes such a recurrence is unlikely.
Przybysz says Bitcoin should rise to ATH levels in the next year and a half. The crypto expert says he wouldn’t be “surprised” if Bitcoin reached new highs “significantly earlier”, potentially around the US election in November. Przybysz predicts that if BTC drops to $26,000, it will rise to $90,000 or $100,000 by the end of the year. If the bottom is already in, Przybysz adds that close to the digital asset’s ATH level of around $70,000 is more realistic and the current ‘return to average’ level is $51,000.
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