Happycoin.club - Financial analyst known by the pseudonym MFHoz believes that the Bitcoin price will crash to $18,000 by mid-2026.
Bitcoin has taken a severe hit at the $100,000 level, which represents a strong psychological resistance zone. The party is over, a crash is imminent. The BTC price will drop straight down to $18,000–$20,000, wrote MFHoz.
According to the chart published by MFHoz, the bearish trend that emerged in the Bitcoin market on December 17, after the coin's price updated its historical maximum at $108,364, will be prolonged and will end in mid-2026.
The expert's opinion that the bottom will be reached at $18,000 is likely based on the width of the contracting triangle depicted on the chart.
MFHoz's forecast for the drop in Bitcoin's price on the chart.
The current situation in the market is not as apocalyptic as MFHoz describes, however, the bears are certainly holding the initiative.
On December 27, the BTC price fell below the 50-day moving average line and remained below it. At the same time, the RSI index on the daily chart entered the negative zone, dropping to 43. Together, these factors indicate that the cryptocurrency's value will decrease to $90,000 in the near future. If sellers break through this barrier, Bitcoin could very well drop to $80,000 in January 2025.
