After the initial drawdown, Bitcoin looks to be showing some strength as bullish momentum begins to pile up again. At this point, the possibility that the price will rise rapidly remains high, especially as players in the space look to be preparing for the next upward move. In this same vein, crypto analyst Weslad has predicted that the Bitcoin price could actually double in the next wave, especially as the macro bullish structure continues to remain firmly in place.

Why Bitcoin Is Headed About $200,000

The analysis focused on the macro bullish structure of Bitcoin that has held up even through the multiple market crashes. This bullish macro structure put the price above the critical and immediate demand zones, showing immense strength after the initial plunge below $100,000.

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