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The recent rallies to the a new all-time high The crypto analyst warned the Bitcoin could experience a major crash, which will bring it to below $100,000. They highlighted both fundamentals and technological factors that may trigger this crash.
Bitcoin Analysts Explain Why the price of Bitcoin could fall below $100,000
It is not a TradingView postCrypto analyst Stephan talked about geopolitical tensions. The Russia-Ukraine war intensifying is one factor that may cause the Bitcoin crash. He explained that this conflict may drive investors to safe haven assets such as gold. He also pointed out that Bitcoin ETFs experienced modest outflows Last week.
Stephan’s accompanying graph showed that Bitcoin prices could go as low as $96.765 when it retests its previous levels. psychological $100,000 support level. Nova, a crypto analyst from the UK, warned Bitcoin price may drop as low as $100,000. He also gave a detailed technical analysis on how Bitcoin is currently performing.
It is not a TradingView postNova said that the Bitcoin price could continue to fall if it continues to face resistance at the $106,406 level daily and corrects. It may even retest $100,000, a psychologically significant mark. She revealed further that the Relative Strength Index (RSI) The daily chart shows a downward trend to neutral at 50. It indicates a weakening of bullish momentum.
Nova stated also that the Moving Average Convergence Divergence showed a negative crossover last week. The analyst also referred to an increasing number of red bars beneath the baseline which, she said, further signals a possible correction. The chart that accompanied it showed the Bitcoin price dropping to $99,000 if the level of $100,000 is retested.
Crypto analyst Kevin Capital also called for caution He said that nothing has changed for the flagship crypto and indicated that there was no need to be ultra bullish at this current level. The Bitcoin price is still the same, he said. There’s no reason to get overly bullish. He stated that nothing has changed for the flagship crypto and indicated there was no need to be ultra bullish at this current level. analyst earlier warned If BTC fails to claim $106,800 in a timely manner, things may get shady.
BTC could still rally to $135,000 this year
Then, you can get in touch with us. X postCrypto analyst Titans of Crypto has raised the prospect of Bitcoin reaching $135,000 by the end of this year. BTC broke out of its right-angled pattern. descending broadening wedgeIf price stays above breakout zone then 135,000 dollars becomes realistic. Analyst added that structure was clean.
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Crypto analyst Mikybull Crypto stated Bitcoin is on its way to a record high. In addition, he said that the price of Bitcoin remains at $120,000 in this current market cycle. Meanwhile, veteran trader Peter Brandt predicted By the end of summer 2025, BTC may reach $150,000.
According to the latest data, Bitcoin is currently trading for around $105,400. This represents a decrease of about 5% in the past 24 hours. data CoinMarketCap.
Featured Image from Getty Images. Chart by Tradingview.com
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Source: www.newsbtc.com
