One crypto analyst is comparing Bitcoin’s price action to one traditional stock to predict what’s next for BTC after a rocky last two months.
“Short and succinct, not financial advice, of course, everything mean reverts unless it’s a piece of crap or it’s broken.
Tesla has held up well during the correction and recession incredibly well. While I believe Tesla will hit $1,200 in the next six to 12 months, which is slightly less than double, I also believe Bitcoin could potentially triple in the same timeframe. Six to 12 months, which takes out to summer 2023 and that’s very, very conservative."
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