Analysts predict the last bitcoin market in the Bitcoin bull market, priced at $30,000
A well-known crypto analyst inspires debate across the digital asset community and uses bold macro forecasts Bitcoin bull market. According to experts, Bitcoin’s current rally may be the final stage of its first real institutional cycle, and the consequences may Send price crash As low as $30,000.
Bitcoin bull market enters final stage
A crypto analyst, identified as “Mrparabullic” on X (formerly Twitter), has release A clear warning that the current Bitcoin bull market may be in the final stages of the first macro cycle of cryptocurrencies. Although the trade was about $106,616 at press time, analysts expect BTC to be around the corner, which could be a potential Devastating bear market This could reduce the price to $34,932.
use Elliotbo TheoryAnalysts have presented a chart showing that Bitcoin completes its fifth and final microwave oven in a classic five-wave impulse cycle. The latest surge, now pushing six figures, seems to represent Wave 5which is usually the last impulse move before the wider market resets.
While Mr Parabullic hasn’t determined the exact peak in his chart yet, he expects Bitcoin to go through a short term Bullish continuation Before a sharp reversal. Analysts stress that this level of upward movement, combined with heavy institutional engagement and narrative-driven beliefs, creates what they call “the biggest euphoria trap ever.”
Market experts also refuted the idea that Bitcoin can be immune-corrected, emphasizing the structural nature of its cycles – The previous bull runincluding those in 2013, 2017 and 2021, followed by a sharp drop of 80-90% on their respective tops. Based on analysis, institutional adoption has not invalidated this historical trend, and in fact, it may be concealing Steep risk.
On the chart, $88,115 is marked as a critical support area, which may trigger a cascade once broken Clearing And a historical crash of $34,932 or less. If realized, this decline would represent a 70-90% backtrack from the current level, reflecting the cruelty The decline after peak is seen in earlier cycles.
Respond to the cryptocurrency community curiosity About his bearish target of $30,000, Mr. Parabullic emphasize Market expectations tend to provide liquidity with important support. When these expectations fail, the decline accelerates, creating conditions for a real macro market reset.
Bitcoin may be above $200,000 in this cycle
As his bold predictions of the upcoming bear market attracted attention from the crypto community, many members answer There is a problem, ask when Bitcoin may have the highest price and the time range of this parabolic assembly. Mr Parabullic shared The Bitcoin is expected to complete its bullish trajectory within five to eight months, after which the market structure is expected to undergo sharp changes.
Market experts too Express Confidence that Bitcoin’s final cycle is still leading, expected Climb over $200,000 Before the bear market officially begins. This prospect has also been introduced Window of bullish altcoinsAnalysts predict that this could explode in explosive terms within the next 6-12 months of Bitcoin’s highest.
Featured Images from Getty Images, TradingView.com Charts
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