Bitcoin Crash Warning in Two Weeks – Target Below $80,000?
Popular cryptocurrency analyst Nicholas Merten has issued a striking warning about Bitcoin, predicting that the coin could face a major crash within the next two weeks.
💥Worrying Price Drop Forecast
In his latest video on the DataDash channel, which has over 510,000 followers, Merten said Bitcoin is currently hovering around $94,000, but technical signals and macro indicators all point to the possibility of a sharp correction.
''Not only is Bitcoin showing signs of weakness in its price action, but altcoins and macroeconomic indicators are also under heavy pressure.''
💥Bitcoin Price Target Below $80,000?
Merten points out that the 21-day exponential moving average (EMA), which has been a strong support level, has now become resistance. This could push Bitcoin lower:
⭐100-day EMA: Around $85,000.
⭐Lower target $80,000: Bitcoin could approach this level if the support above fails to hold.
⭐200-day EMA: Lows around $76,000, if the breakdown takes place.
💥Consequences For Altcoins
According to Merten, if Bitcoin falls sharply, altcoins will be hit harder:
“We could see a 25% to 30% drop, which is enough to cause major trouble for the altcoin market.”
Although he asserted that this is not “the end of the world”, this sharp adjustment will put significant psychological pressure on investors.
💥What to Expect?
The cryptocurrency market is notoriously volatile, and predictions like Nicholas Merten’s make investors even more cautious.
Will Bitcoin really face a major price drop or is it just a short-term correction? Let’s wait and see what happens next.
