Bitcoin (BTC) may return to $20,000 in the coming months, according to veteran Bitcoin market analyst Philip Swift. Swift, who co-founded trading suite DecenTrader and data resource Look Into Bitcoin, predicts a solid period of growth for Bitcoin in the latter half of the year. While he acknowledges many obstacles that bulls must face to reach new all-time highs, he remains confident that the bottom is in for BTC. Swift predicts that Bitcoin’s price will experience some volatility and chop after rallying 80% at the end of Q1 2023. Despite this, he believes that regulatory bombshells and banking sector problems relating to customer deposits are ultimately positive catalysts for Bitcoin’s long-term bullish performance. Swift foresees the pre-halving narrative to kick in late Q3 and into Q4, which should have a positive impact on Bitcoin’s price. Filbfilb, CEO of DecenTrader, predicts that Bitcoin might reach $180,000 as his top target, which Swift believes is certainly possible, with a realistic range of $120,000 to $210,000. While the NFT market is currently in a state of major depression, Swift believes that the latter stages of the NFT bear market may be coming soon, leading to strategic investors increasingly searching for quality NFTs at bargain prices.
Bitcoin price can ‘easily’ hit $20K in next 4 months — Philip Swift
