Philip Swift predicts Bitcoin price could effortlessly reach $20K within the next four months.

Bitcoin (BTC) has emerged from its bear market, and according to market analyst Philip Swift, it may soon reach $20,000 again. Swift, the co-founder of trading suite DecenTrader and data resource Look Into Bitcoin, believes that the recent dip of 10% is unlikely to result in a deeper correction. However, he acknowledges that there are obstacles that could prevent Bitcoin from reaching new all-time highs, such as government policies that could suppress its price. Despite these challenges, Swift is optimistic that the bottom is in and expects Bitcoin to experience significant growth in the second half of the year. In a recent interview with Cointelegraph, Swift reflects on the recent performance of Bitcoin and discusses his outlook for its price action in the near to long-term future. He also addresses concerns about a possible return to $20,000 and the impact of regulatory developments on the market. Additionally, Swift discusses the potential for a pre-halving build-up and the next halving cycle’s blow-off top. He highlights several BTC price metrics that he finds noteworthy, including the bull market comparison, the 1-year HODL Wave, and the MVRV Z-Score. Finally, Swift comments on the current state of the NFT market, noting that it is in a state of depression but expects strategic investors to start looking for quality NFTs at bargain prices.