Analyst Says Bitcoin Bottom Is Not In, Will Price Crash Below $50,000 Again?
📉
Crypto analyst Altcoin Sherpa recently suggested that Bitcoin's bottom isn't yet in, predicting a possible drop to the $40,000 range. He foresees "nasty wicks, liquidations, and pain" as Bitcoin might dip below $50,000.
In contrast, analyst Mikybull Crypto argues that the bottom is already in, using Elliot Wave Theory to set a target of $135,000. The analyst also notes that indicators like the volatility index and Relative Strength Index signal a macro bottom.
Mikybull Crypto highlights the Bank of Japan's assurance of no further rate hikes as a stabilizing factor. He also points out that Bitcoin's funding rate is negative, which could trigger a short squeeze.
Institutional investors are shown to be accumulating Bitcoin, evidenced by the movement of 404,448 BTC to permanent holder addresses. Bitcoin’s trading volume and whale accumulation indicate bull market behavior.
Currently, Bitcoin trades at $56,800, up over 2% in 24 hours, according to CoinMarketCap.
Source: www.newsbtc.com ↗
Benzer makaleler (72)
Is Bitcoin price going to crash again?
Bitcoin $110K setup 'still in play' but analysts warn of sub-$40K dip first
Bitcoin at Bottom or More Pain to Come? Experts Weigh In
How low can the Bitcoin price go?
Do Bitcoin Prices Have to First Crash to $50,000 Before Recovering? Lessons From the Past
Crypto Research Firm Identifies Why The Bitcoin Price Could Crash To $45,000
Analysts Predict Bitcoin Price Could Crash To $40,000, But There’s Good News
Bitcoin Could Drop To $40,600 If This Happens, Crypto Analyst Says
Bitcoin Could Dip To $55,000 Before Rising, MoonTaurus to Soar 1300% at Listings, Says Analyst
Bitcoin Analyst Points To $55,000 As Potential Bottom – US Liquidity The Key
Analyst Warns: Bitcoin Nears Dangerous Territory – $40,000 On The Horizon?
Analyst Predicts Bitcoin Could Plunge Back To $51,000 On Wedge Pattern Breakdown
Bitcoin Price Analysis: What Lies On The Horizon After Crashing Below $50,000
More Pain Ahead: Analyst Warns Of Imminent Bitcoin Plunge Below $54,000 To Fill CME Gap
Bitcoin Forecast: BTC Price Could Crack $50,000 If This Important Level Does Not Hold
Analyst Warns Bitcoin (BTC) Price Could Drop Another 20%
Crypto Analyst Reveals What Could Drive The Bitcoin Price To $48,000
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
MACD Flip: Bitcoin (BTC) To Witness Potential Dips to $46K
Peter Brandt and Bernstein Analyst: Bitcoin Could Drop Below $40,000
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: 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
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 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
With Bitcoin at $54K, could $31K be its next stop? Data suggests…
Bitcoin (BTC) Price Drop to $45,000 Might Be Inevitable, Report Says
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!”
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?
Can Bitcoin hold $57K amid bear market, or is $40K inevitable?
Will Bitcoin fall to $52K before a major upswing?
Adam Back Analyzes Current Bitcoin Market
Adam Back Analyzes Current Bitcoin Market Trends
Adam Back Discusses Current Bitcoin Market Trends
Analyst Predicts Bitcoin Will Not Drop Below This Level
Analysts Monitor Bitcoin’s Potential Correction Below $55,000
Analysts Predict Bitcoin’s Potential Drop to $40,000
Bitcoin Faces Potential Drop to $31,500
Analysts Predict Bitcoin’s Potential Price Drop
Analyst Warns Bitcoin May Drop Below $10,000
Analyst Predicts Bitcoin’s Potential Price Movements
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 Faces Potential Dip Below $50,000 Warns Analyst Michaël van de Poppe
Analyst Warns: Bitcoin Set to Plummet to These Lows Within Days!
Bitcoin Price Prediction: BTC Faces Potential Drop to $54,000 Amid CPI Volatility and OI Decline
