Here’s What Analysts Are Saying

Here’s What Analysts Are Saying

This article is also available in Spanish.

The price of Bitcoin has continued to decrease, as it decreased less than several main levels in recent days. As of now, bitcoin hovers a little $ 87,000, as she clung to a weekly decrease by about 7.7 % and decreased 19.6 % from its highest level ever for more than $ 109,000 registered earlier this year.

Amid this recession, many market analysts moved to social media to form the possible causes of retreat and what may come after that for the leading cryptocurrency.

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Virgin predictions of the following movement of Bitcoin

The first in the list is Titan of Crypto that recently subscriber His point of view on X, indicating that the monthly closure of Bitcoin may provide important evidence. “As long as BTC exceeds 38.2 % of Fibonacci's spread, the bull runs intact,” the analyst pointed out.

It is worth noting, in both traditional markets and encryption, the monthly closure is an important indication because it reflects the morale of the continuous market over a longer period of time. A strong monthly closure above the main technical levels can indicate a continuous force, while there is a lower proximity to these thresholds that may indicate more declines.

A prominent trader Gareth Solowe presented large -scale forecasts, indicating that bitcoin can decrease either to $ 75,000 or an increase to $ 125,000 in the coming months.

Other analysts have taken a more downward position. Coinmba, another known figure in the encryption community, highlighted the influence of large bitcoin from Microstrategy.

“The only reason we have a lot of bitcoin outperformed performance was due to the purchases of Microstrategy, and this is close to its end,” Coinmamba booksHe added that he is fasting on Altcoins, but landing on Bitcoin prospects in the short term.

Meanwhile, Crypto Caesar Proposal A possible decrease to $ 73,000, citing a mixture of technical and basic indicators that indicate additional capabilities on the negative side.

Bitcoin price scheme analysis. | Source: Crypto CEASER on X

Optimism

Despite the decline in some analysts, a number of investors are still confident in the long -term Bitcoin path. Max Brown, expressed a strong conviction of X, male“Bitcoin will reach 150 thousand dollars. ETH will go to $ 15,000. Don't let anyone tell you otherwise. We'll keep short and ride our currencies to 10x – 50x.”

This feeling, despite his ambition, highlights the elasticity of some bitcoin holders who view the decrease in current price setbacks as temporary setbacks instead of structural weaknesses.

Likewise, the investor known as lemon subscriber A simple strategy to move in the current decline: “I will start buying every day on every decline, from 85 thousand dollars to 75 thousand dollars. By the end of the year, I will sell over 110 to 120 thousand dollars.”

This approach, which focuses on fixed accumulation and a clear exit strategy, reflects a more optimistic form among bitcoin supporters in the long term.

The price of BTC moves down on the graph for two hours. Source: BTC/USDT on Tradingvief.com

A distinctive image created with Dall-E, the tradingView chart

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