Analyst: BTC may test $52K after months of sideways trading

Crypto analyst KillaXBT, who is credited with accurately predicting Bitcoin's peak last year, has suggested that BTC is nearing a short-term bottom, The Daily Hodl reported. He believes the most likely scenario is not a V-shaped rebound but rather several months of sideways, range-bound trading. KillaXBT pointed out that previous bear markets also experienced significant periods of consolidation before a full trend reversal, forecasting that Bitcoin could test the $52,000 level before transitioning back to a bullish trend.