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This article is also available in Spanish.
Recent Bitcoin price disaster below USD 90,000 He was a shock to a wider cryptocurrency community, especially among the expectations of a continuous rally on the bull market. Despite volatility and ongoing declines, a cryptographic analyst projects of an even greater disastersuggesting that Bitcoin may fall up to USD 63,000 if a certain level of resistance is maintained.
TradingView Crypto analyst Alixjey MA decided that the price of bitcoins must exceed USD 99,500 to continue growth. He emphasizes that if this resistance persists and Bitcoin does not break it, the pioneering cryptocurrency will be They probably face a more steep drop in prices For up-to-date minima in the amount of USD 63,000.
The last time Bitcoin was around 60,000 USD during a huge price in 2024 after launching Spot Bitcoin ETFS. Considering that Bitcoin increased by up to USD 104,000 at one point this year, a catastrophe in the direction of $ 60,000 would be a destructive blow to investors and its market.
Direct Bitcoin price
A lot at high prices Retail investors They were probably unable to buy Bitcoins because of his growing costs. Very The accumulation came from whales who bought Bitcoin worth millions of dollars in one go.
Alixjey also marked its expected slowdown $ 60,000 – $ 65,000 Enter the bitcoin market againemphasizing that this was the main breeding point for potential profits in Q3 and Q4 from 2025. This means that the analyst provides Price reflection In Bitcoin later this year.
Going further, the TradingView expert emphasized two liquidity levels in 4-hour time frames, which will probably be removed. He also admitted that he was only Bearish on Bitcoin’s Perrogrook priceindicating that his expected miniature -term withdrawal will not be annulled, unless the cryptocurrency exceeds the resistance from 94,000 to 98,000 USD.
Other factors that could contribute to the already increased Bitcoin variability are Data on wages other than the farm (NFP). Alixjey predicts that after release, these data can lead to high variability in both actions and cryptography. He calls on investors and traders to be careful because the main economic reports often affect market movements.
The analyst sees the growth potential after BTC failure
As a result Recent decreases in BitcoinMany analysts shared the bears of cryptocurrencies, expecting grave price correction before potential recovery. One of such analysts is Herbert Sim, marketing director (CMO) from Aicean.
SIM projects that Bitcoin will collide on up-to-date minima, especially with the recent approval of the cryptographic reserve in the United States (USA). Expecting Failure up to $ 40,000 But the most crucial information that it will be miniature -lived, lasting for weeks, months and possibly years. However, Aicean CMO suggested that investors who are able to Hodl in a long term will probably see more profits after BTC from the bear.
A distinguished picture from Adobe, chart from TradingView.com
