Many cryptocurrency market analysts are expecting further declines for Bitcoin if it loses the crucial support at $95,000. Cryptocurrency analyst Tony Vays has expressed his concerns about Bitcoin (BTC) trading below the critical $95,000 level. Vays warns that such a move is “very bad,” as it significantly increases the likelihood of a correction towards $73,000.
Veteran trader Peter Brandt has warned that Bitcoin could be on the verge of breaking out of an “expanding triangle” pattern. If this happens, Brandt suggests that the price could see a correction towards the $70,000 area.
On the other hand, Fundstrat remains optimistic, predicting that Bitcoin will reach $250,000 by 2025. However, according to market expert Mark Newton, a pullback to $60,000 may occur before that rally.
Finally, Benjamin Cowan of IntoTheCryptoVerse speculates that Bitcoin (BTC) could follow a similar price pattern to Invesco QQQ Trust (QQQ). If this happens, a flash crash to $60,000 could occur around Donald Trump’s inauguration.
With Bitcoin facing the possibility of a collapse, investors are turning bullish on altcoins. Cryptocurrency market analysts believe that the altcoin season is not over yet and that altcoins could see a strong recovery from now on. Although many investors may seem to have given up hope, the recovery in altcoins could be stronger