This Analyst Correctly Predicted The Bitcoin Price Crash To $99,000, Here’s What’s Supposed To Happen Next

Quick Summary:

She believes a successful breakout from these levels could propel Bitcoin to retest new bullish targets between the $108,000 and $112,000 range.  Despite correctly predicting the recent Bitcoin crash to $99,000, the analyst believes another failure to hold above the $100,000 mark could temporarily stall a price rally, with the possibility of a more resounding crash.R.

The analyst highlights that if Bitcoin can retest and maintain a price above this zone, it could set the stage for a potential market rally to new ATHs of $120,000 in the mid-term.  Related Reading: Bitcoin Upper Band Moves Above $105,400 – Where Price Is Headed Next According to CoinMarketCap, Bitcoin is currently trading at $108,594, experiencing a dramatic 4.65% rise in the past 24 hours.R.

While the analyst’s previously bearish projection was driven by volatility and waning market demand for Bitcoin, his new forecast sees the cryptocurrency skyrocketing to new highs above $110,000, fueled by its recent bullish performance.  Bitcoin To Retest Key Support As Next Move From a technical perspective, TradingView crypto analyst R.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: United KingdomUnited States

Topics: Bitcoin news Donald Trump's Inauguration Bitcoin R.Linda Btcusd Btc price BTC news BTCUSDT Bitcoin Fibonacci retracement Bitcoin price Btc

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-20 @ 20:30:19 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 469 words

Reading Time: 3 minutes read

Sentences: 63 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 25297620

View Article Analysis

About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 10 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 14 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

Publisher Details

Frequently Asked Questions