Why Is This Crypto Analyst Predicting A $12K Price For Bitcoin?

After being in the mid-16,000 dollar range since the middle of December, the market capitalization of the flagship cryptocurrency began the week close to the $17,000 level. Bitcoin’s price, which is now over $20,750, has increased by more than 20% in the first two weeks of this year. Despite this, Bitcoin’s (BTC) price, which reached a high of $65,000 in November 2021, is currently trading around the bottom of a severe bear market.