#BTC BIG CRASH ON THE WAY đ
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 âvery, very bad,â as it significantly raises the likelihood of a correction toward $73,000.
Veteran trader Peter Brandt has cautioned that Bitcoin price may be on the verge of breaking down from a âbroadening triangleâ 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 isnât 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.