The crypto market has recorded another week of consolidation. Recently, most of the major cryptocurrencies have been trading in a very narrow range, struggling to find direction. For example, Bitcoin has been fluctuating between $30,000 and $38,000 for almost 5 weeks now. It is clear that sooner or later, this consolidation will end. But the question is in which direction BTC will continue its journey once it exits this range in the second half of the year.A recent CNBC poll shows that 44% of the institutional investment managers believe that the crypto market will remain flat in the second half of 2021, and Bitcoin will close the year with a price below $30,000.Source: TwitterNevertheless, 25% of the respondents believe that Bitcoin will close the year at approximately $40,000. A similar percentage of respondents think the price of BTC will be $50,000, and only 6% predict that the cryptocurrency will hit $60,000 at the end of the year.In a recent \u2018What Bitcoin Did\u2019 podcast, Willy Woo, a well-known Bitcoin analyst, stated that because of the recent correction, BTC has not entered a bear market. The expert clarified that the correction had been a short-term speculative phase. Woo thinks that during this period, most of the coins went from the \u2018weak hands\u2019 to the hodlers. That is why, in his view, Bitcoin is starting to recover and is ready to renew the uptrend.Other crypto enthusiasts are even more positive and bullish on Bitcoin. Alex Mashinsky, head of the Celsius Network, shared with Cointelegraph that the recent all-time high of approximately $64,000-$65,000 is not the BTC top for 2021. The crypto bull expects the cryptocurrency to reach $160,000 by the end of the year.However, the most positive prediction on Bitcoin came from Hashcash inventor Adam Back. He envisages that \u201call fiat is going\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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