Bitcoin price drops to the 5-digit price range after setting a 6-digit ATH.
Analysts remain unfazed and await the next ATH to arrive soon.
One Analyst expects $108,000 to be the next BTC ATH target to arrive.
Bitcoin price dipped under the $100,000 price mark right after it set its latest long-awaited 6-digit ATH at $103,900.47. The price of Bitcoin is currently at a 5-digit price of $98,202. This fall in price is likely due to the 4% overall crypto market dip in the last 24 hours. Furthermore, the dip began with a $450 million liquidation in under 60 minutes.
$450 Million Liquidated in Under 60 Minutes
https://twitter.com/WatcherGuru/status/1864800318350864435
While the breakout of the $100,000 price barrier was expected, the dip was not an expected event by many crypto analysts. However, as it does with every crypto market dip, most analysts remain bullish as the crypto market is right in the thick of a crypto bull cycle. With expectations for BTC price to hit a new high of $200,000 in 2025, analysts continue to hold.
Meanwhile, other popular analyst are trying to chart the course of Bitcoin over the next few days and weeks. Presently, it looks like Bitcoin (BTC) has slipped back into its sideways movement. While a slow sideways movement is expected to carry on for a short time, the long-term expectation if for BTC to set its next big ATH.
Analyst Sets $108,000 as Next BTC ATH Target
https://twitter.com/RAFAELA_RIGO_/status/1864764192240123945
As we can see from the post above, this analyst sees BTC price flickering between the $95,000 and $98,000 price range before shooting up to set a new ATH price. This new ATH price she expects, will hit $108,000.However, she also remarks that a dip to $91,000 range for BTC may not bode well and could be cause for concern.
The post The Crypto Market Saw Over 4% Dip in the Last 24 Hours Triggered by a $450 Million Liquidation in Under 60 Minutes appeared first on Crypto News Land.
