Analysts are predicting a potential $BTC
crash by the time of Donald Trump’s inauguration, driven by several factors. Notably, crypto analyst Tone Vays has raised concerns over Bitcoin dropping below the $95,000 level, which could trigger a correction toward $73,000. Veteran trader Peter Brandt has identified a “broadening triangle” pattern, suggesting a possible breakdown and a price retracement to around $70,000. Meanwhile, Fundstrat maintains a bullish long-term outlook, projecting a $250,000 $BTC BTC by 2025, though expert Mark Newton warns of a potential pullback to $60,000 before that surge.
Adding to the uncertainty, Benjamin Cowen suggests that Bitcoin’s price may follow a pattern similar to the Invesco QQQ Trust (QQQ), leading to a flash crash to $60,000 close to Trump’s inauguration. As Bitcoin faces downward pressure, investors are shifting focus to altcoins, which analysts believe might see stronger recoveries, suggesting the altcoin season is far from over, despite some skepticism from the broader market.