Cryptocurrency analyst Colin Talks Crypto has shared his updated assessment of Bitcoin's potential trajectory over the next 12 months, issuing a particularly noteworthy warning regarding bullish expectations.
Unlikely Scenario: Direct Climb to All-Time Highs
While acknowledging that many different scenarios are possible, the analyst views a direct climb to new all-time highs from the current position as the least likely outcome. Colin Talks Crypto stated that he assigned this possibility only a 20% probability.
More Likely Scenario: Relief Rally Followed by Correction
A more probable scenario, according to the analyst, involves Bitcoin first experiencing a relief rally to the $100,000-$115,000 range, which would then be followed by a correction. Colin outlined two potential ways this correction could unfold:
- •A shorter and milder correction lasting 6–8 months, potentially followed by a strong rebound, especially with improvements in ISM data.
- •A classic bear market cycle that could extend for approximately 12 months.
The analyst emphasized that these possibilities now constitute his base case, but he cautioned investors against overly optimistic expectations. He stated, "Bitcoin going to a new all-time high price level right from here is not the base case for me."