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Here’s What Analysts Are Saying | Global News Avenue

Here’s What Analysts Are Saying

This article is also available in Spanish.

Bitcoin’s price continues to decline, falling below several key levels in recent days. As of now, Bitcoin hovers above $87,000, marking its all-time high recorded earlier this year, down about 7.7% per week, while its all-time high rate fell by 19.6%.

Amid this downturn, various market analysts have entered social media to weigh in Possible reasons What happens next for dipping sauces and flagship cryptocurrencies.

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Bitcoin’s next predictions vary

The first on the list is Titan, a cryptocurrency cryptocurrency shared His view of X suggests that the end of Bitcoin’s monthly end may provide important clues. “As long as BTC remains at 38.2% Fibonacci backlash, the Bulls’ run remains unchanged,” analysts noted.

It is worth noting that in traditional and cryptocurrency markets, monthly closures are considered an important indicator as it reflects ongoing market sentiment over a longer time frame. A strong monthly approach above the level of key technology The power of sustained signalwhile close below such thresholds may drop further.

Gareth Soloway, a well-known trader, offers Broad predictionswhich suggests that Bitcoin may drop to $75,000 in the coming months, or gain to $125,000.

Other analysts have taken a more bearish stance. Coinmamba is another well-known figure in the crypto community, highlighting the impact of MicroStrategy’s large-scale Bitcoin purchases.

“The only reason we have so many bitcoins is due to microscopy, which will end,” Coinmamba Writeadding that he is bullish on altcoins but bearish on Bitcoin’s near-term outlook.

Meanwhile, encrypting Caesar suggestion It could drop to the $73,000 level, citing a mix of technical and basic indicators that indicate further downside potential.

Bitcoin price chart analysis.
Bitcoin price chart analysis. |Source: Encrypted ceaser on X

Optimism in bearish sentiment

Despite the bearish outlook for some analysts, many investors remain Bitcoin’s long-term trajectory. Max Brown expressed strong beliefs on X, illustrate“Bitcoin will reach $150,000. ETH will reach $15,000. Don’t let anyone tell you. We’ll hold it tightly and ride the coin 10 to 50 times.”

This sentiment, while ambitious, underscores the resilience of some Bitcoin holders who believe the current price has fallen to Temporary setbacks rather than structural weaknesses.

Similarly, an investor known as lemon shared A simple strategy to navigate the current downturn: “I will start buying every day, from $85K to $75K. I will be selling 110-$120K by the end of this year.”

This approach emphasizes stable accumulation and clear exit strategies, reflecting a more optimistic form among long-term supporters of Bitcoin.

Bitcoin (BTC) price list on TradingView
BTC price moves downwards on the 2-hour chart. Source: BTC/USDT ON TradingView.com

Feature images created with DALL-E, TradingView’s chart

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