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Crypto analyst Akademik, who called the Bitcoin-Prijscrash asked, has unveiled his total predictions for the flagship Crypto’s process in the short and medium term. Based on these predictions, BTC was set to experience a further crash that could send its price to as low as $ 80,000.
What for the Bitcoin price now
In one TradingView -messageAkademik predicted that the Bitcoin price could fall to $ 80,000 while unveiling his short trade strategy for the flagship crypto in the future. The corresponding graph of the analyst showed that the flagship Crypto could withdraw to the $ 80,000 series or even fall as low as $ 60,000.
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While he sketches his trade strategy to keep Discount BTCHe said he expected that this downward trend for the flagship Crypto would continue. The analyst told traders that it is possible to enter at trend level, which he emphasized in the graphs when an activity in the diet or volumes has been replaced.
Indeed, the Bitcoin price currently has a bearish prospect when it fell to $ 93,000 yesterday before he bounced back over the psychological support level of $ 95,000. Crypto analyst Ali Martinez Gives insights into the current price action and how the flagship crypto danger runs when it drops.
In an X post he stated that the Bitcoin price is confronted with a supply wall of 1.88 million BTC for $ 97,000, while the support of $ 94,500 is supported by only 695,000 BTC. Martinez noted that this imbalance could play a key role in the next step. This indicates that there is a greater demand than the demand for the flagship Crypto, which means it runs the risk of falling lower before it comes to new highlights.
In another X post, the analyst also noted that a decrease in the mining activity of Bitcoin was historically followed by long -term price corrections. This suggests that BTC could still fall lower for a new rally to new local highlights.
BTC’s long -term prospects is still bullish
In an X message, crypto -analyst Titan van Crypto stated that the long-term trend for the Bitcoin price Bullish remains. This came when he noticed that Bitcoin is still in the consolidation range. He added that as long as BTC stays within reach, there is no clear direction in the short term for the flagship Crypto.
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In the meantime, Martinez stated that the market is currently in the ‘depression’ phase of the market cycle. This suggests that the Bitcoin price will still record one last pump before this cycle ends. The ‘disbelief’ phase usually comes after the depressing phase, in which the flagship Crypto enjoys a ‘loser rally’.
At the time of writing, the Bitcoin price acts according to around $ 95,300, according to the last 24 hours, according to facts Van Coinmarketcap.
Featured image of Unsplash, graph of TradingView.com