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Could Bitcoin really crash to $20,000? Analyst says watch out for 2027
['Bibhu Pattnaik', 'Tue', 'August', 'At Pm Gmt', 'Min Read']
Yahoo Finance
The veteran trader and market analyst believes Bitcoin is set for a short to medium-term rally over the next three to six months.
"$20,000 to $25,000 by the end of 2027 is my more realistic target," he said.
Trending on TheStreet Roundtable:The stock market connectionRastani's Bitcoin thesis is inseparable from his stock market outlook.
A 50 percent crash from those highs, he said, would drag Bitcoin down alongside it, as it has in every prior cycle.
His long-term view on Bitcoin remains intact, $1 million is possible, he said, but not before 2040 and not before the asset drops to $20,000 first.