Bitcoin Price Analysis: What Lies On The Horizon After Crashing Below $50,000
📉
The cryptocurrency market recently faced a significant sell-off, leading to a 26% drop in Bitcoin's price from its July highs above $70,000. This decline is part of a broader global financial market crash, driven by economic uncertainty and investor risk aversion.
The price of Bitcoin plummeted to $48,860, while Ethereum fell to $2,116, marking its most substantial decline since 2021. The drop also affected crypto-related stocks like Coinbase Global and MicroStrategy, as well as miners such as Marathon Digital Holdings and Riot Platforms.
Geopolitical tensions in the Middle East and doubts about the effectiveness of AI investments have added to the market's instability. Additionally, changes in Japan's interest rates and the yen carry trade have contributed to market upheavals.
Expert opinions on the long-term crypto market are bearish. Analyst Justin Bennett predicts Bitcoin could fall to $15,000, and Ethereum to $700, pointing to historical data that highlights August and September as typically poor months for Bitcoin.
However, there are signs of potential recovery. Analyst Ali Martinez notes that Bitcoin's MVRV Ratio is at its lowest since November 2022, indicating a possible buying opportunity. Martinez also highlights a crucial support level at $47,140.
Other analysts, like Rekt Capital and Timothy Peterson, suggest that increased sell-side volume and historical recovery patterns indicate possible short-term rebounds. The performance of Bitcoin exchange-traded funds (ETFs) will also play a critical role in future price movements.
Источник: www.newsbtc.com ↗
Похожие статьи (91)
Bitcoin at Bottom or More Pain to Come? Experts Weigh In
Is Bitcoin price going to crash again?
Bitcoin Price Analysis: Bearish Divergence Hints at $60K Correction – Buy the Dip?
Bitcoin $110K setup 'still in play' but analysts warn of sub-$40K dip first
How low can the Bitcoin price go?
Do Bitcoin Prices Have to First Crash to $50,000 Before Recovering? Lessons From the Past
More Pain Ahead: Analyst Warns Of Imminent Bitcoin Plunge Below $54,000 To Fill CME Gap
Bitcoin Could Dip To $55,000 Before Rising, MoonTaurus to Soar 1300% at Listings, Says Analyst
Crypto Analyst Reveals What Could Drive The Bitcoin Price To $48,000
Bitcoin Forecast: BTC Price Could Crack $50,000 If This Important Level Does Not Hold
Analyst Predicts Bitcoin Could Plunge Back To $51,000 On Wedge Pattern Breakdown
Analysts Predict Bitcoin Price Could Crash To $40,000, But There’s Good News
Analyst Says Bitcoin Bottom Is Not In, Will Price Crash Below $50,000 Again?
Bitcoin Descending Triangle Formation Says A Crash Is Coming, How Low Can It Go?
Bitcoin Could Drop To $40,600 If This Happens, Crypto Analyst Says
Bitcoin Analyst Points To $55,000 As Potential Bottom – US Liquidity The Key
Analyst Warns Bitcoin (BTC) Price Could Drop Another 20%
Analyst Warns: Bitcoin Nears Dangerous Territory – $40,000 On The Horizon?
Crypto Research Firm Identifies Why The Bitcoin Price Could Crash To $45,000
Bitcoin Loses Crucial Support, Poised For Return To $54,000 – Analyst
Bitcoin May Slide To $31,500 If Market Downturn Persists, Analyst Warns
Bitcoin Crash At Hand? This Key Metric Hints At A Potential Price Drop To $40,000
Bitcoin Analyst Warning: Selling BTC At $73,800 Will Be “Disastrous”
Bitcoin Trading Within A Clear Price Range Amid Market Whirlwind – Expert
MACD Flip: Bitcoin (BTC) To Witness Potential Dips to $46K
With Bitcoin at $54K, could $31K be its next stop? Data suggests…
Bitcoin Price Prediction: Breaking Below $60k Could Lead Bitcoin to $50k, While $70k Remains a Distant Goal
Bitcoin Price Prediction: Bulls Make U-Turn as $50K Risks Resurface; Echoes of March 2020 Crash Loom
Bitcoin Faces Potential Correction
Bitcoin to $70K or $48K? What’s next for BTC’s price
Bitcoin Price Prediction: Indicators Signal Potential End of Bull Run; Bitcoin Could Plunge to $51K
More Bloodshed To Come: CryptoQuant Predicts Bitcoin Price To Plunge Below $40K
Bitcoin Faces Potential Decline
Bitcoin Faces Potential $42,000 Drop
Bitcoin Price Prediction: Volatility Index Hits COVID-19 Levels, Rare Signal Predicts Drop to $50k
Bitcoin Death Cross Could Lead to a Catastrophic BTC Price Crash
Bitcoin Faces Potential Drop Below $55,000
Analysts Expect Bitcoin to Drop
Bitcoin Price Prediction: Why BTC May Crash To $54,000
Analysts Expect Bitcoin to Drop
Bitcoin Analysis Indicates Imminent Price Drop to $48,000!
Bitcoin Price Prediction: Top Analyst Issues Red Flag; Bears Eye $53k Levels
Can Bitcoin hold $57K amid bear market, or is $40K inevitable?
Will Bitcoin fall to $52K before a major upswing?
The Sharp Fall in Bitcoin Shook the Market! What is the Reason for the Fall in BTC? Will the Fall Continue? Analyst Said "Yes" and Warned!
Bitcoin price prediction – Tether flows suggest < $56K may be next stop!
Crypto Crash Alert: Bitcoin (BTC)Price Might Drop To $50K This Weekend
Bitcoin Price in Danger, Will It Crash to $49K?
Bitcoin Analysts Warn of Potential $31,500 Price Drop
Bitcoin nears $64K, but can BTC avoid a drop to $55K?
Bitcoin Crash Incoming? Experts Warn of 75% Drop Amid Market Chaos!
Bitcoin Price Prediction: Bears Eye $55k Levels, Is the Biggest Crash in History Approaching?
5 Key Reasons That Could Crash Bitcoin Price to $30,000
Brace for Bitcoin’s Fall: Analyst’ Strategies as $44K Collapse Looms
Experts Forecast Bitcoin Price Drop
Bitcoin Price Prediction: Top Analyst See BTC Potential Drop to $31,500? Here’s Why
Is Bitcoin Correction Over? How Much Can BTC Price Drop? Analysts Commented!
Bitcoin (BTC) Price Drop to $45,000 Might Be Inevitable, Report Says
Bitcoin Set for a Pullback? Momentum Slows as Price Rises – Analysts Warn of $60.6K Dip
Will Bitcoin’s realized price drop to $31K? Levels to monitor
Bitcoin Analyst Warned: “If BTC Price Falls Below This Level, Liquidation Series May Be Triggered!”
Peter Brandt and Bernstein Analyst: Bitcoin Could Drop Below $40,000
Bitcoin faces bearish divergence: Is a $60K plummet coming?
Bitcoin Price Plunge to $40K? Key Indicator Signals Drop, Says Famous Chart Analyst
Expert Predictions: Bitcoin’s Price Could Drop to $40,000 Before Major Recovery
Bitcoin may fall to $54K – 2 major reasons why
Kraken Analysts Issue Warning About Bitcoin (BTC) Price! "If This Level Is Not Broken, A Big Drop Is Coming!"
Bitcoin – Here’s what you should expect IF BTC falls below $56K again
Have Crypto Winters Began: Is Bitcoin (BTC) Price Heading Back to $40,000 in September?
Bitcoin Set to Crash to $50K: Are You Ready for the Fall?
Adam Back Discusses Current Bitcoin Market Trends
Adam Back Analyzes Current Bitcoin Market Trends
Adam Back Analyzes Current Bitcoin Market
Analyst Predicts Bitcoin’s Potential Price Movements
Analysts Warn Bitcoin May Drop Below $45,000
Analyst Warns Bitcoin May Drop Below $10,000
Analysts Monitor Bitcoin’s Potential Correction Below $55,000
Analysts Predict Bitcoin’s Potential Price Drop
Bitcoin Faces Potential Drop to $31,500
Analyst Predicts Bitcoin Will Not Drop Below This Level
Analysts Predict Bitcoin’s Potential Drop to $40,000
Bitcoin Price Prediction: BTC Faces Potential Drop to $54,000 Amid CPI Volatility and OI Decline
Crypto Analyst Warns Bitcoin (BTC) Could Dip Below $50,000 Before Hitting New Highs
Bitcoin Faces Potential Dip Below $50,000 Warns Analyst Michaël van de Poppe
Bitcoin Faces Potential Plunge Below $50,000 if Key Support Level Fails, Warns Analyst Michaël van de Poppe
CryptoQuant Analyst Predicts Potential Bitcoin (BTC) Price Drop to $40K
Bitcoin Price Crash Predicted: Analysts Foresee BTC Dropping to $49,000 After Hitting $70,000 Local Top
Analyst Warns: Bitcoin Set to Plummet to These Lows Within Days!
Analysts Warn Bitcoin Could Plummet to $42K Amid Current Sell-Off Wave
Bitcoin’s Clear Price Range Identified Amid $50,000 Bearish Trend, Says Expert
Bitcoin Faces Potential Drop Below $50,000 Amid US Economic Concerns, Says Report