PANews reported on May 15 that according to analyst FilbFilb, Bitcoin's current price trend is extremely bullish and is facing a critical battle to break through $100,000 and $2 trillion in market value. He pointed out that Bitcoin has risen rapidly recently, but has fluctuated in the area above $100,000, and the market value needs to turn $2 trillion from resistance to support. FilbFilb believes that Bitcoin may fall below $100,000 in the short term, but the overall trend is favorable for bulls.
In addition, he mentioned that ETH/BTC needs to rise back to the critical level of 0.03 to drive the recovery of the altcoin market. Looking ahead, the market generally expects Bitcoin to re-challenge its historical high of $110,000 and may reach a target price of $120,000 to $150,000 in June. FilbFilb concluded, "In the long run, Bitcoin's performance is incredible. Although a short-term correction may occur, the overall trend is extremely optimistic."
