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#BTC BIG CRASH ON THE WAY š
Analysts Predict BTC Crash By Donald Trump Inauguration.
Several crypto market analysts predict further downside for Bitcoin if it loses the crucial support of $95,000. Crypto analyst Tone Vays has expressed concern over Bitcoin ($BTC) trading below the critical $95,000 level. Vays warns that such a move is āvery, very bad,ā as it significantly raises the likelihood of aĀ correctionĀ toward $73,000.
Veteran trader Peter Brandt has cautioned that Bitcoin price may be on the verge ofĀ breakingĀ down from a ābroadening triangleāĀ pattern. If this occurs, Brandt suggests the price could experience a retracement toward the $70,000 zone.
On the other hand, Fundstrat remains optimistic, projecting that Bitcoin price could reach $250,000 by 2025. However, according to market expert Mark Newton, a pullback to $60,000 may occur before that surge.
Finally, Benjamin Cowen from IntoTheCryptoVerse, speculates that Bitcoin (BTC) may follow a similar price pattern to the Invesco QQQ Trust (QQQ). If this occurs, a flash crash to $60,000 could take place around the inauguration of Donald Trump.
As BTC faces chances of a crash, investors are turning bullish on altcoins. Crypto market analysts believe that the altcoin season isnāt over and that altcoins could see a strong recovery from now onwards. Although, many investors might seem to have given up the hope, the recovery in altcoins could be stronger.
Analysts Predict BTC Crash By Donald Trump Inauguration.
Several crypto market analysts predict further downside for Bitcoin if it loses the crucial support of $95,000. Crypto analyst Tone Vays has expressed concern over Bitcoin ($BTC) trading below the critical $95,000 level. Vays warns that such a move is āvery, very bad,ā as it significantly raises the likelihood of aĀ correctionĀ toward $73,000.
Veteran trader Peter Brandt has cautioned that Bitcoin price may be on the verge ofĀ breakingĀ down from a ābroadening triangleāĀ pattern. If this occurs, Brandt suggests the price could experience a retracement toward the $70,000 zone.
On the other hand, Fundstrat remains optimistic, projecting that Bitcoin price could reach $250,000 by 2025. However, according to market expert Mark Newton, a pullback to $60,000 may occur before that surge.
Finally, Benjamin Cowen from IntoTheCryptoVerse, speculates that Bitcoin (BTC) may follow a similar price pattern to the Invesco QQQ Trust (QQQ). If this occurs, a flash crash to $60,000 could take place around the inauguration of Donald Trump.
As BTC faces chances of a crash, investors are turning bullish on altcoins. Crypto market analysts believe that the altcoin season isnāt over and that altcoins could see a strong recovery from now onwards. Although, many investors might seem to have given up the hope, the recovery in altcoins could be stronger.
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