Will Bitcoin price break through the 8,000 mark? Let's hear what analysts say!

According to the Elliott Wave theory, the current Bitcoin price trend conforms to the Zigzag Structure. That is to say, at present, the Bitcoin price is rising to the extreme range of $6,100-6,800. Before soaring to the $8,000 mark, the Bitcoin price is expected to have three callbacks, and the callback period is accompanied by the risk of Bitcoin price falling back to $4,000.
In addition, before the Bitcoin price pulls back, there is still some upside space in the short term, but bulls need to be cautious because the Bitcoin price may start to pull back soon after reaching the above target.
Currently, analysts are waiting for a pullback in Bitcoin prices, and then judging by the zigzag adjustment waves and the extent of the decline, whether the pullback is due to a price correction or because the upward cycle of Bitcoin since the end of July has come to an end.