Bitcoin Analysts See $74,000-$75,000 Dip Within Bullish Scenarios

Bitcoin (BTC) could dip to $74,000-$75,000 before recovering toward $90,000 in Ted Pillows’ worst-case scenario, while EGRAG CRYPTO’s chart analysis treats that pullback as compatible with a bullish pattern. On Oct. 24, Pillows said Bitcoin’s recent pattern resembled the months after its November 2022 cycle low. He pointed to a summer consolidation, a later rally and a correction, then focused on the 16th week after the earlier low, when Bitcoin fell during the U.S. banking crisis. Pillows said the current cycle is approaching a comparable point. Under that comparison, Pillows said Bitcoin could bottom in the $74,000-$75,000 range in a worst-case scenario, then reverse and recover toward $90,000.

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