Crypto analysts are divided on the future of the Bitcoin price, with one predicting a potential crash and another seeing room for further growth.
A recent post by analyst Sherlock suggests that if the Bitcoin price breaks above April's high at $79,485 before May 5, it could lead to a short squeeze around the $84,000 to $85,000 range. This would be followed by a potential crash to around $63,000 within a month.
However, another analyst, Michaël van de Poppe, believes that the Bitcoin price looks ready for more upside, potentially reaching as high as $93,000. The market is currently experiencing significant inflows into Bitcoin ETFs, with over $1.6 billion in flows since the start of this month.