#Bitcoin❗
ANALYST WARN BITCOIN WILL CRASH TO 60000$.
As it turned out by December 27, the trade-off for Bitcoin’s (BTC) 61% climb in November from about $67,000 to above $108,000 was an almost complete lack of a ‘Santa Claus’ rally ahead and during Christmas, which resulted in the coin changing hands at $96,273 at press time.
Analysts forecast Bitcoin flash crash as BTC rejects breakout above $100,000
A major trigger for the bearish prediction has been Bitcoin’s recent inability to find a stable footing above $95,000. The world’s premier cryptocurrency has spent much of the last week trading roughly in the range between $92,000 and $99,000 though most of the trading has been closer to the lower bound.
Such a trend prompted Tone Vays, a derivatives trader and financial educator, for example, to forecast that, unless BTC manages to stably reclaim levels above $95,000, it could face a correction to $73,000.
Bitcoin likely to set new records in 2025 despite December headwinds
Despite the gloomy musings, the long-term picture remains generally optimistic for Bitcoin.
Along with the aforementioned Peter Brandt – who believes in a long-term rally above $130,000 – and Tom Lee – who forecasted a climb to $250,000 in 2025 – the personal finance author Robert Kiyosaki estimated a surge to $350,000 and the digital assets lobbyist Perianne Boring opened up a possibility for a Bitcoin rocketing above $800,000.
Martinez himself, despite concurring that there is an imminent danger of a deep pullback, previously predicted that the most likely outcome of the current cryptocurrency market cycle is a BTC climb to approximately $220,000 before the next bear phase for digital assets.
