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.
Nguồn: www.newsbtc.com ↗
Bài viết tương tự (113)
How low can the Bitcoin price go?
Bitcoin Price Analysis: Bearish Divergence Hints at $60K Correction – Buy the Dip?
Bitcoin at Bottom or More Pain to Come? Experts Weigh In
Bitcoin $110K setup 'still in play' but analysts warn of sub-$40K dip first
Is Bitcoin price going to crash again?
Bitcoin bears turn ‘giddy’ at prospect of sub-$60K BTC price
BTC price nurses 5% dip amid warning Bitcoin can still 'flush' to $60K
Geopolitical risks could drive bitcoin below $60,000, creating buying opportunity, Standard Chartered analyst says
Analysts Forecast Bitcoin’s Potential Drop to $50,000 Before New All Time High
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
Crypto Analyst Reveals What Could Drive The Bitcoin Price To $48,000
Market Signals Hint At Bitcoin’s Potential Fall To $52,000—Analyst
Crypto Research Firm Identifies Why The Bitcoin Price Could Crash To $45,000
Bitcoin Analyst Points To $55,000 As Potential Bottom – US Liquidity The Key
Analyst Says Bitcoin Crash Might Not Be Over, Why $60,365 Is Important
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
Bitcoin Descending Triangle Formation Says A Crash Is Coming, How Low Can It Go?
Analyst Says Bitcoin Bottom Is Not In, Will Price Crash Below $50,000 Again?
Is The Bitcoin Bull Market Over? Analyst Reveals Bear Case That Could Send Price To $28,000
Bitcoin Could Dip To $55,000 Before Rising, MoonTaurus to Soar 1300% at Listings, Says Analyst
Bitcoin Could Drop To $40,600 If This Happens, Crypto Analyst Says
Analyst Warns Bitcoin (BTC) Price Could Drop Another 20%
Analyst Warns: Bitcoin Nears Dangerous Territory – $40,000 On The Horizon?
Bitcoin Price Headed For $35,720? Why Muted Volume Could Trigger Major Crash
Bitcoin Loses Crucial Support, Poised For Return To $54,000 – Analyst
Analyst Says Bitcoin Is In The ‘Final Test’, Here’s Where The BTC Price Is Headed Next
Bitcoin Trading Within A Clear Price Range Amid Market Whirlwind – Expert
Bitcoin May Slide To $31,500 If Market Downturn Persists, Analyst Warns
Bitcoin Analyst Warning: Selling BTC At $73,800 Will Be “Disastrous”
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
Analyst: Bitcoin to dip below $60,000 if THIS trend persists
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
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?
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!
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
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
Is Bitcoin Price Crash To $50K Possible In The Next 30 Days?
Bitcoin faces bearish divergence: Is a $60K plummet coming?
Will Bitcoin Price Hold $60,000? Traders predict Possible Drop to $53,000
Bitcoin Price Prediction: Bears Revisit $62k Levels, Bearish Trend or Short-Term Pullback?
Balances Changed in Bitcoin! Analysts Said the Decline May Continue in BTC, Announced Their Expectations!
Bitcoin at Crossroads: Will It Crash to $52K or Surge to $130K? Analyst Weighs In
Is Bitcoin Correction Over? How Much Can BTC Price Drop? Analysts Commented!
Bitcoin’s price to fall back to $66K? Assessing why that might be the case
Bitcoin Crash: Will BTC Price Hit $52k Within a Bear Channel?
Market Experts Warn About Bitcoin’s Price Drop
Analysts Warn of Bitcoin Price Drop
Bitcoin Price Prediction: Crucial Indicator in Red Signals Potential Drop to $60,000
Will Bitcoin Price Experience Further Declines?
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
Analyst Predicts Bitcoin’s Potential Price Movements
Adam Back Analyzes Current Bitcoin Market
Analysts Predict Bitcoin’s Potential Price Drop
Adam Back Analyzes Current Bitcoin Market Trends
Bitcoin Faces Potential Drop to $31,500
Analysts Predict Bitcoin’s Potential Drop to $40,000
Analysts Monitor Bitcoin’s Potential Correction Below $55,000
Analysts Warn Bitcoin May Drop Below $45,000
Analyst Predicts Bitcoin Will Not Drop Below This Level
Adam Back Discusses Current Bitcoin Market Trends
Analyst Warns Bitcoin May Drop Below $10,000
Bitcoin Faces Potential Plunge Below $50,000 if Key Support Level Fails, Warns Analyst Michaël van de Poppe
Bitcoin’s Clear Price Range Identified Amid $50,000 Bearish Trend, Says Expert
Crypto Analyst Warns Bitcoin (BTC) Could Dip Below $50,000 Before Hitting New Highs
Bitcoin Price Crash Predicted: Analysts Foresee BTC Dropping to $49,000 After Hitting $70,000 Local Top
Bitcoin Faces Potential Dip Below $50,000 Warns Analyst Michaël van de Poppe
Analysts Warn Bitcoin Could Plummet to $42K Amid Current Sell-Off Wave
Could Bitcoin Face a Price Decline Below $60,000 Amid $5.64 Billion in Realized Profits?
Bitcoin Price Prediction: BTC Faces Potential Drop to $54,000 Amid CPI Volatility and OI Decline
Bitcoin Faces Potential Drop Below $50,000 Amid US Economic Concerns, Says Report
Analyst Warns: Bitcoin Set to Plummet to These Lows Within Days!
CryptoQuant Analyst Predicts Potential Bitcoin (BTC) Price Drop to $40K
