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Despite the recent rally to one New High High (ATH) of $ 111,900, crypto analysts have warned that the Bitcoin price could still witness a huge crash that it will send under $ 100,000. These analysts emphasized foundation and technical means that this price crash could cause.
Analysts emphasize why Bitcoin Price could still crash under $ 100,000
In one TradingView -messageCrypto analyst Stephan called the geopolitical tensions, in which the Russia-Ukraine conflict is intensifying as one of the factors that could cause the Bitcoin-Prijscrash. He explained how this conflict investors could float in the direction of safe port activa, such as gold. The analyst also noticed that Bitcoin ETFs experienced modest outskirts Last week.
The corresponding graph of Stephan showed that the Bitcoin price could fall to $ 96,765 if it again the Psychological support level of $ 100,000. Crypto analyst Nova also warned that Bitcoin could fall to $ 100,000 and at the same time offer a technical analysis of the current price action of the flagship Crypto.
In one TradingView -messageNova stated that if the Bitcoin price experiences resistance around the daily level of $ 106,406 and continues to correct, this could extend the decline in order to re -test the psychologically important $ 100,000 marking. She further revealed that the Relative strength -Index (RSI) On the daily graph is on 53, trending down to the neutral level of 50. This indicates weakening bullish momentum.
Nova also stated that the advancing average convergence -Divergency (MACD) showed a bearish crossover last week. In the meantime, the analyst referred to the increasing red histogram staves under the baseline, which she claimed that she was also a potential correction ahead. Her accompanying graph showed that the Bitcoin price could fall to $ 99,000, because it re -testing the level of $ 100,000.
Crypto analyst Kevin Capital also called for caution At the current Bitcoin -Price level. He stated that nothing has changed for the flagship Crypto and indicated that it was not necessary to be ultra bullish at this current level. The Analyst warned earlier Those things can be sketchy looking for BTC if it doesn’t recover $ 106,800 quickly enough.
BTC could still collect up to $ 135,000 this year
In one XCrypto Analyst Titan from Crypto increased the possibility that the Bitcoin price came to $ 135,000 this year. He noted that BTC was broken from a rectangular one Descending widAnd if the price above the Breakout zone applies, $ 135,000 will be a realistic target. The analyst added that the structure is clean.
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Crypto analyst MikyBull Crypto explained That the Bitcoin prize is preparing for a new of all time. He also noted that $ 120,000 remains a magnet for the flagship crypto in this market cycle. In the meantime, Lace -up dealer Peter Brandt predicted That BTC could reach $ 150,000 in late summer 2025.
At the time of writing, the Bitcoin price acts according to around $ 105,400, according to the last 24 hours, according to facts Van Coinmarketcap.
Featured image of Getty Images, Chart van TradingView.com