Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Ice Open Network welcomes Soonchain AI in its online+ ecosystem to stimulate web3 ai-game development

2025-05-18

$ 10 million bitcoin? Investment Pro calls it ‘chance’ of your life

2025-05-18

Solana – Shorts are piling up above $ 170 – Can Sol Bulls force a pinch?

2025-05-18
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Ice Open Network welcomes Soonchain AI in its online+ ecosystem to stimulate web3 ai-game development

    2025-05-18

    Chainware and Karatdao work together to redefine security and identity in chains

    2025-05-18

    Declan Hannon about how Aurora Labs makes blockchain accessible to everyone

    2025-05-18

    Ailayer forges Alliance with Gaea to create a decentralized AI-driven metaverse

    2025-05-18

    Space and time, Nvidia, publishes Sub-Second ZK Prover for SQL

    2025-05-18
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Mastermind Behind Sec Sim -exchange schedule sentenced to 14 months in prison for manipulating Bitcoin price

    2025-05-18

    Capital One pays $ 425,000,000 to customers after they have reportedly cheated customers from a higher return on bank balance

    2025-05-18

    Myth or reality? Mica and its real impact on the market that dissolve common misconceptions

    2025-05-18

    Judge denies joint bid from Ripple and the SEC to end their long -term legal battle to end XRP

    2025-05-17

    A dozen new defendants who were sued in the alleged Rico -entry, connected to $ 263,000,000 crypto theft

    2025-05-17
  • Analysis

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18

    Analyst who mentioned XRP price mark at $ 0.5 says that the increase in this level is coming

    2025-05-17

    Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

    2025-05-17

    $ 40 billion in XRP on the road – where are they going?

    2025-05-17

    Bitcoin who sees heavy accumulation on Coinbase and Binance, says analysis company Glassnode – here is the prospects

    2025-05-17
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»The American bank predicts a major drop in the price of Bitcoin to $20,000
Bitcoin

The American bank predicts a major drop in the price of Bitcoin to $20,000

2024-01-24No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

The crypto space is currently facing bearish signals as the price of Bitcoin has failed to maintain the crucial level at $42,000, slip up to $39,909 at the time of writing. The American financial services provider Deutsche Bank even foresees this more drops In the coming months, Bitcoin’s value is expected to fall below $20,000.

Deutsche Bank predicts a huge drop in Bitcoin

Reports from Bloomberg, citing a recent survey conducted from January 15 to January 19, 2024 by Deutsche Bank, reveals investors’ sentiments regarding volatility and future trajectory of the price of BTC. The survey, which assessed more than 2,000 people in the United States, United Kingdom and the Eurozone, found that a third of people surveyed expect a significant drop in the price of Bitcoin to values ​​below $20,000.

The substantial decline is expected to occur around January 2025. Although the majority of people expect a significant decline Regarding the value of Bitcoin, the survey also indicates that 15% of people believe so Bitcoin’s price will consolidate between $40,000 and $75,000 by the end of 2024. Additionally, about 10% of respondents think Bitcoin could fall between $20,000 and $40,000.

It is important to note that the price of BTC has seen major declines in recent weeks. At the time of writing, the cryptocurrency is now trading below $40,000 rose to over $45,500 earlier in January this year.

This unprecedented drop is raising concerns in the crypto space as Bitcoin’s price is moving in the opposite direction than most crypto investors and enthusiasts were previously projected. Various crypto analysts predicted that the price of Bitcoin could rise to $50,000 after its approval Discover Bitcoin ETFs. However, Bitcoin gave up most of its gains after the ETF approval and has seen severe declines since then.

See also  Can Bitcoin Tap $120,000 by 2024?

Bitcoin price chart from Tradingview.com

BTC bulls vie for control from bears | Source: BTCUSD on Tradingview.com

Analyst Reveals Key Factors That Could Break BTC’s Price Slump

Popular crypto analyst Ali Martinez has joined X (formerly Twitter). reveal key technical price elements that could stop further decline in the price of Bitcoin. Martinez shared a chart published on TradingView that depicts complicated price movements and patterns for Bitcoin.

The crypto analyst revealed that a weekly closing price below $38,000 on the Bitcoin chart could mean a potential price drop, with the next significant support level expected around $33,000. He said this key area is a critical zone characterized by a convergence of three major technical indicators, including a parallel channel lower limit, a Fibonacci retracement level of 0.5 and a 50-week simple moving average.

According to Martinez, the combination of these critical factors creates a great line of defense for Bitcoin’s price, potentially providing a support zone to prevent future declines in the cryptocurrency.

Featured image from Analytics Insight, chart from Tradingview.com

Disclaimer: The article is for educational purposes only. It does not represent NewsBTC’s views on buying, selling or holding investments and of course investing involves risks. You are advised to conduct your own research before making any investment decisions. Use the information on this website entirely at your own risk.

Source link

American bank Bitcoin Drop Major Predicts Price
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

$ 10 million bitcoin? Investment Pro calls it ‘chance’ of your life

2025-05-18

Data tips on chains Bitcoin to peak at $ 120,000

2025-05-18

Mastermind Behind Sec Sim -exchange schedule sentenced to 14 months in prison for manipulating Bitcoin price

2025-05-18

Dogecoin Prise Tests Panic zone at $ 0.21, the breakdown can lead to price crash

2025-05-18
Add A Comment

Comments are closed.

Top Posts

Bitcoin: Assessing the Role of US Institutions in BTC’s ATH Rise

2024-12-06

What will Dogecoin rise? Analyst reveals important drivers

2025-04-30

Defi Advocacy Group urges Doj to reconsider liability for developers

2025-02-05
Editors Picks

Polyhedra Network releases a unique open source repository

2024-06-11

Your crypto is at risk on Telegram (and that’s okay)

2023-11-07

Ripple files a motion to oppose the SEC’s appeal of the landmark XRP ruling

2023-09-03

RNDR up 50% in two days after community-approved Solana expansion

2023-05-07

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Ice Open Network welcomes Soonchain AI in its online+ ecosystem to stimulate web3 ai-game development

$ 10 million bitcoin? Investment Pro calls it ‘chance’ of your life

Solana – Shorts are piling up above $ 170 – Can Sol Bulls force a pinch?

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$104,407.170.98%
  • ethereumEthereum(ETH)$2,388.62-3.90%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.370.17%
  • binancecoinBNB(BNB)$641.03-0.30%
  • solanaSolana(SOL)$166.77-0.42%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.2219152.29%
  • cardanoCardano(ADA)$0.74-0.93%
  • tronTRON(TRX)$0.262999-3.53%
  • suiSui(SUI)$3.780.03%
  • chainlinkChainlink(LINK)$15.27-0.96%
  • avalanche-2Avalanche(AVAX)$22.08-0.95%
  • stellarStellar(XLM)$0.283041-1.59%
  • hyperliquidHyperliquid(HYPE)$26.07-1.67%
  • shiba-inuShiba Inu(SHIB)$0.0000141.13%
  • hedera-hashgraphHedera(HBAR)$0.1919770.17%
  • unus-sed-leoUNUS SED LEO(LEO)$8.65-0.07%
  • bitcoin-cashBitcoin Cash(BCH)$395.98-0.33%
  • the-open-networkToncoin(TON)$3.07-0.37%
  • litecoinLitecoin(LTC)$98.111.36%
  • polkadotPolkadot(DOT)$4.59-0.99%
  • moneroMonero(XMR)$341.730.62%
  • bitget-tokenBitget Token(BGB)$5.214.83%
  • pepePepe(PEPE)$0.0000135.22%
  • daiDai(DAI)$1.00-0.03%
  • piPi(PI)$0.733.62%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • uniswapUniswap(UNI)$5.811.06%
  • bittensorBittensor(TAO)$411.24-2.91%
  • nearNEAR Protocol(NEAR)$2.741.49%
  • aaveAave(AAVE)$219.48-1.12%
  • aptosAptos(APT)$4.98-1.97%
  • okbOKB(OKB)$52.41-1.50%
  • ondo-financeOndo(ONDO)$0.92-0.60%
  • kaspaKaspa(KAS)$0.109193-0.65%
  • internet-computerInternet Computer(ICP)$5.13-0.71%
  • ethereum-classicEthereum Classic(ETC)$17.97-1.17%
  • gatechain-tokenGateToken(GT)$21.55-0.38%
  • crypto-com-chainCronos(CRO)$0.096784-0.94%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.780.10%
  • mantleMantle(MNT)$0.730.61%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2333180.21%
  • vechainVeChain(VET)$0.027851-0.04%
  • render-tokenRender(RENDER)$4.49-1.20%
  • ethenaEthena(ENA)$0.3681952.92%
  • usd1World Liberty Financial USD(USD1)$1.000.02%
  • algorandAlgorand(ALGO)$0.2186341.04%
  • filecoinFilecoin(FIL)$2.80-0.18%
  • cosmosCosmos(ATOM)$4.770.88%
  • bitcoinBitcoin(BTC)$104,407.170.98%
  • ethereumEthereum(ETH)$2,388.62-3.90%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.370.17%
  • binancecoinBNB(BNB)$641.03-0.30%
  • solanaSolana(SOL)$166.77-0.42%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.2219152.29%
  • cardanoCardano(ADA)$0.74-0.93%
  • tronTRON(TRX)$0.262999-3.53%
  • suiSui(SUI)$3.780.03%
  • chainlinkChainlink(LINK)$15.27-0.96%
  • avalanche-2Avalanche(AVAX)$22.08-0.95%
  • stellarStellar(XLM)$0.283041-1.59%
  • hyperliquidHyperliquid(HYPE)$26.07-1.67%
  • shiba-inuShiba Inu(SHIB)$0.0000141.13%
  • hedera-hashgraphHedera(HBAR)$0.1919770.17%
  • unus-sed-leoUNUS SED LEO(LEO)$8.65-0.07%
  • bitcoin-cashBitcoin Cash(BCH)$395.98-0.33%
  • the-open-networkToncoin(TON)$3.07-0.37%
  • litecoinLitecoin(LTC)$98.111.36%
  • polkadotPolkadot(DOT)$4.59-0.99%
  • moneroMonero(XMR)$341.730.62%
  • bitget-tokenBitget Token(BGB)$5.214.83%
  • pepePepe(PEPE)$0.0000135.22%
  • daiDai(DAI)$1.00-0.03%
  • piPi(PI)$0.733.62%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • uniswapUniswap(UNI)$5.811.06%
  • bittensorBittensor(TAO)$411.24-2.91%
  • nearNEAR Protocol(NEAR)$2.741.49%
  • aaveAave(AAVE)$219.48-1.12%
  • aptosAptos(APT)$4.98-1.97%
  • okbOKB(OKB)$52.41-1.50%
  • ondo-financeOndo(ONDO)$0.92-0.60%
  • kaspaKaspa(KAS)$0.109193-0.65%
  • internet-computerInternet Computer(ICP)$5.13-0.71%
  • ethereum-classicEthereum Classic(ETC)$17.97-1.17%
  • gatechain-tokenGateToken(GT)$21.55-0.38%
  • crypto-com-chainCronos(CRO)$0.096784-0.94%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.780.10%
  • mantleMantle(MNT)$0.730.61%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2333180.21%
  • vechainVeChain(VET)$0.027851-0.04%
  • render-tokenRender(RENDER)$4.49-1.20%
  • ethenaEthena(ENA)$0.3681952.92%
  • usd1World Liberty Financial USD(USD1)$1.000.02%
  • algorandAlgorand(ALGO)$0.2186341.04%
  • filecoinFilecoin(FIL)$2.80-0.18%
  • cosmosCosmos(ATOM)$4.770.88%