Philip Swift predicts Bitcoin price will reach $20K within the next 4 months with ease.

Bitcoin (BTC) has emerged from its bear market and could potentially reach $20,000 in the coming months, according to veteran Bitcoin market analyst Philip Swift. Swift, who co-founded DecenTrader and Look Into Bitcoin, remains cautious about the possibility of a deeper correction than last week’s 10% dip but believes that the bottom is in for now. He attributes the recent price strength to the disbelief among derivative traders and expects the halving narrative to increase buy pressure later in the year. Swift also discusses the potential impact of government regulations on Bitcoin and the state of the NFT market. He suggests that while the NFT market is currently in a state of depression, strategic investors may start looking for quality NFTs at bargain prices in the near term.