Investors warned: Bitcoin is expected to fall!

Analysts argued that the Bitcoin (BTC) price will not easily reach its all-time high.

The leading crypto BTC stood at $68,000 in its rise, which began with the US Fed lowering interest rates. Crypto investors predicted that BTC would reach $73,800 before the end of October. In these days when bullish expectations are increasing, analysts have warned. Analysts stated that investors should be careful about BTC's potential price movements.

Shubh Varma, CEO of Hyblock Capital, spoke to Cointelegraph as follows;

"It may be logical to expect a final decline in the market. Caution is needed."

Analysts think that the Bitcoin ($BTC ) price will not reach its all-time high of $73,680 without a breath. With $BTC reaching $68,000, the number of those expecting a correction in the crypto market increased.

Hyblock Capital CEO Shubh Varma referred to Binance's data. Varma reminded that less than 40 percent of individual investors hold long (bullish) positions. Evaluating the data, Varma noted the following;

“If individual investors start to enter long positions en masse, this could be a bearish signal,

Varma stated that Bitcoin open interest (OI) has reached historical resistance levels. Varma, who warned of long positions, argued that a liquidating decline could occur. Varma stated that OI, which reached $ 39.36 billion with the decline in the BTC price, will also fall.

Crypto investor Lark Davis disagrees with Varma. Davis stated that interest has started to increase in the crypto market. The famous investor said, “Such an increase usually indicates a significant price movement in the future.”

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