Bitcoin’s price action has been a source of intense debate among crypto analysts recently. While some experts are expecting a significant rise, others are warning that the price will soon fall. Analysts are citing a variety of factors that could affect Bitcoin’s price, from interest rate cuts to market trends.
Could Bitcoin Price Drop to $49,000?$BTC
Crypto analyst CrediBULL Crypto has made a prediction that Bitcoin’s price could fall to $49,000. According to his analysis, Bitcoin could first reach $70,000, then experience a significant drop. This prediction is based on various market dynamics, including the recent changes in interest rates by the US Federal Reserve.
This view is not the only one shared by analysts at CrediBULL Crypto. Ali Martinez also argues that Bitcoin could soon experience downward pressure. Martinez points to the recent opening of Bitcoin futures worth around $2 billion, which could result in a long squeeze and potentially contribute to a price drop. There is also historical evidence that failure to regain critical support levels, especially the 200-day simple moving average (SMA), often leads to significant corrections in Bitcoin’s price.
In response to pessimistic views, analyst Bonk Guy offers strong arguments that Bitcoin’s price crash will not happen. He emphasizes that as the market approaches the fourth quarter, this period has historically been the most bullish for risky assets like Bitcoin. In particular, he notes that Bitcoin has provided positive returns in the fourth quarter in previous halving years and that a similar trend may be observed in the coming months.
Bonk Guy says that external factors such as the US presidential election could provide market certainty and cause Bitcoin prices to increase. He points out that regardless of the election result, Bitcoin has shown resilience and gained upward momentum in the post-election period. In addition, the return of $16 billion in cashback to FTX customers is seen as a bullish sign, as these users may redirect their investments to Bitcoin, which could push the price up.
FOR THE GIFT OF 10 DOLLARS PLEASE READ CAREFULLY.
My friends, you know that we, the publishers, are doing everything we can for you here. We are conveying to you the services and conveniences that our authorities have provided us. I have never withdrawn my support for both the cryptocurrency market and you, and on the contrary, I am trying to provide more support.
THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE ESPECIALLY FOR ME BY BINACE. YOU CAN GET CONFIRMATION OF WHAT I HAVE SAID ABOUT THIS ISSUE BY CALLING LIVE HELP. IT IS A 10 DOLLAR CAMPAIGN MADE FOR YOU THROUGH ME.
Now I will explain how you will receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.
So who can benefit?
Our friends who have not yet activated the futures section, when you activate your FUTURES transaction section, you will earn $10 when you open it by entering my 88623008 reference code.
I EXPLAIN IN DETAILED.
My brothers and sisters who have become Binance members without a reference, please listen carefully;
When you do what I say in order, you will receive 10 USDT.
Go to the Futures Section from your application,
On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,
My brothers and sisters who want to complete this transaction and receive the 10 USDT reward until MAY 1 can do so. Afterwards, after activating your account, it is enough to open your first futures transaction.
The first 1,000 brothers who open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
So let me give you a tactic like this; even if you open and close 20x with a $5 transaction, you will be entitled to the reward.
Even if you do this after May 1st, your reward will not come. So, do it until May 1st. In fact, I would say do it right now in 5 seconds.
It's very simple. Go to futures, enter my 88623008 referral code and activate the account. Then just open a transaction of 200 usdt in total and get the 10 usdt reward.
WHEN WILL THE REWARD COME?
Your $10 reward will come to the REWARDS section of your Binance application within 30 days from May 1. By activating it from there, you can use your $10 reward, or more than 300 lira, in futures transactions.
You can share this post with your friends in need so that they can also benefit from it.
IN THE MEANWHILE, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. EVEN IF YOU HAVEN'T FOLLOWED US YET, DON'T FORGET TO FOLLOW US. WITH MY REGARDS.
