Cryptocurrency analysts say that Bitcoin has entered the final stage of a major bull trend

Trader and cryptocurrency analyst Alessio Rastani believes that Bitcoin (Bitcoin) Is entering the final stage of the current bull market, which will push the leading cryptocurrency to reach its price target of $100,000.

To explain his prediction, Rastani quoted Elliott Wave Theory, The price increase trend is divided into five waves. Rastani believes that we have entered the last wave of the bull trend that began in early 2019 and should reach its peak sometime next year.

“When these five waves are completed, I expect a bear market,” he said.

Quoting the research of behavioral finance expert Jason Goepfert, Rastani predicts that the next Bitcoin bear market may coincide with the broader downtrend of the traditional market, which may appear in the “next years”. Rastani pointed out that given that both stocks and BTC are risky assets, Bitcoin will be negatively affected by the stock market correction.

“When there is a risk appetite, both markets will go up. But when the appetite is low, when the risk appetite is not great, they will go down.”

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