Bitcoin (BTC) tested the $100,000 level several times, but could not overcome this barrier, increasing investors' concerns. While the recent decline has shaken the crypto market again, experts continue to share their predictions about price movements. So, at what level could this decline of Bitcoin end?$BTC
Fluctuations in crypto markets are usually recognized by peaks and troughs. According to experienced analyst Titan Of Crypto, Bitcoin is currently in a correction process. The analyst predicts that prices could fall to $87,000 and defines this level as the “maximum pain” point. Drawing attention to the impact of psychological levels on investors, Titan Of Crypto emphasizes that market movements are not always one-way.
Another analyst, Crypto Rover, predicts that Bitcoin could recover from this decline and move towards the $120,000 level. However, such price fluctuations create both opportunities and risks for investors.
The decline experienced by Bitcoin has also negatively affected the altcoin markets. While many altcoins have lost more than 5% of their value, crypto investors are hoping for a recovery after these losses. Analyst Jelle predicts a more positive picture for altcoins in 2025 and states that altcoins are currently searching for value. Any decrease in Bitcoin’s market dominance could create opportunities for altcoins.
However, it may take time to recover from losses in altcoins. Investors remain cautious, albeit with high expectations, as they carefully adjust their positions according to market conditions.
As price volatility continues in the crypto world, uncertainties regarding 2024 and beyond also continue. Investors will continue to closely monitor developments in both Bitcoin and altcoins. While those who act decisively during this process can reap rewards, risks should also be considered.