This Analyst Called The Bitcoin Price Crash Early, Total Prediction Says More Pain Is Coming

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This Analyst Called The Bitcoin Price Crash Early, Total Prediction Says More Pain Is Coming - NewsBTC

Quick Summary:

Crypto analyst Ali Martinez provided insights into the current price action and how the flagship crypto is at risk if dropping lower. In an X post, he stated that the Bitcoin price faces a supply wall of 1.88 million BTC at $97,000, while the support at $94,500 is backed by just 695,000 BTC.

Based on these predictions, BTC is set to experience a further crash which could send its price to as low as $80,000. What Next For The Bitcoin Price In a TradingView post, Akademik predicted that the Bitcoin price could drop to as low as $80,000 while revealing his short trading strategy for the flagship crypto going forward.

This suggests BTC could still drop lower before another rally to new local highs. BTC’s Long Term Outlook Is Still Bullish In an X post, crypto analyst Titan of Crypto stated that the long-term trend for the Bitcoin price remains bullish.