At this point, it is difficult to predict the next movement for the BTC price as the bears have been able to push the price below the $27,000 support. That being said, many analysts still believe that the dip could be a buying opportunity if the market is able to stay above the psychological level of $25,000.
In the short-term, the market may continue to experience further downside pressure if buyers do not step in to support the market around the $25,000 level. However, if buyers do manage to step in and push the market back up, the BTC price could very well see a rebound back above the $27,000 level and possibly above the $30,000 level.
In the longer-term forecast, the BTC price could potentially reach new all-time highs given that the market sentiment remains positive and institutional investment in the market continues to increase. However, any further downward movements in the market should still be monitored closely before any further predictions can be made.
