Crypto
Lavish Forecasts New All-Time Highs for Bitcoin Within 120 Days
Bitcoin's price has surged to near $86,000, sparking expectations of an upward trend in the market. Analyst James Lavish sees parallels between the current cycle and the one between 2019-2021.
Lavish notes that the previous bear market, which lasted from 2021-2025, was marked by significant uncertainty due to high-profile collapses like FTX and Celsius, as well as sector-wide fraud cases. These events led to a longer and more severe pullback in Bitcoin's price.
Considering these factors, Lavish believes that the current market dynamics are different from previous cycles. He predicts that unless there is a major disruption, Bitcoin could approach its all-time highs again within 60-120 days.