- Reputed crypto analyst reveals short-terms bullish targets.
- The analyst remains bearish for the mid-term.
- Despite low bearish targets, the analyst expects even greater dips to follow.
The price of BTC continues to trade in the higher $80,000 price range as the month of December draws closer to the final week of the year. Presently, expectations for bullish BTC prices in the coming year ahead remain torn between bullish and bearish analysts. Amidst the noise, one reputed crypto analyst reveals short-term bullish and mid-term bearish targets. Let’s take a closer look.
Reputed Crypto Analyst Reveals Short-Term Bullish Targets
According to one popular crypto analyst, the price of Bitcoin (BTC) will see a bull pump soon, meaning a short-term bullish price surge followed by a mid-term bearish price decline. Despite these challenging expectations, most analysts remain heavily bullish for the long-term. To break down these predictions, the analyst shares a detailed post exploring technical and psychological observations.
As we can see from the post above, the analyst reminds traders of his bearish mid-term and bullish long-term outlook. Now, he focuses on explaining his short-term outlook and its bullish price targets. He confirms that despite being bearish on Bitcoin in the mid term, he is certainly bullish on BTC for the short term. The reason is that there is not enough liquidity on the downside to justify market makers starting the next move down.
Thus, he went on to place long orders in the lower $80,000 price range and bet on a relief bounce that would ultimately serve as a bull trap. The analyst aims to close these trades and take profits once the price of BTC can reclaim targets between the $98,000 – $104,000 price range. After this, he expects BTC to move towards bearish targets between the $64,000 – $70,000 price region.
Mid-Term Bearish Targets Revealed
In detail, for the short-term, the analyst states that we are sitting at strong support while downside liquidity is very limited. Because of that, it makes no sense for the next leg down to start right now. What does make sense is market makers baiting a bullish move so retail comes in, longs the market, and becomes exit liquidity. He expects the bear targets to be met by late Q1/early Q2 2026.
He then reaffirms that this bear target will only be the first major target, with final bear targets being much lower, possibly even in the $40,000 price range, as expected by many bear analysts. Lastly, he states that market makers need to create liquidity on the downside before BTC dips lower. To do that, they will keep printing aggressive moves in both directions to attract liquidity and trap traders who mismanage risk and entries.
