Crypto analyst Altcoin Sherpa recently raised the likelihood of a Bitcoin price crash to $50,000. He also commented on current price action and revealed the price levels he expected to rebound, while BTC has witnessed its current sharp decline Highest history (ATH).
Analysts predict Bitcoin price crash to $50,000
exist X PostsAltcoin Sherpa said that by the end of the year, the price of Bitcoin could still fall to $50,000. His accompanying chart shows BTC will touch a resistance level of $105,900 Start again and start with a massive decline from there. In another X Postshe revealed that his $50,000 forecast was just a joke, and he didn’t think it would happen.
However, analysts are cautious about the current market conditions. Say he’s not in a hurry Go to any location. He hints at how Bitcoin price crashes After Donald Trump’s recent post, though he believes the rebound should be “relatively faster”. The chart he accompanied shows that the rebound should be between $102,000 and $104,000.
exist Truth Society PositionDonald Trump said China violated its trade agreement with the United States, a statement raising concerns that a trade war between the two countries could escalate again. Since Trump’s statement Bitcoin price has fallen From about $106,000 to as low as $103,100.
After this Bitcoin price crashes, Altcoin Sherpa emphasizes control points For BTC, it’s about $104,000. He pointed out that a rebound should occur from here. But tensions between the United States and China could lead to lower prices. according to Reuters reportDefense Secretary Pete Hegseth warned of an imminent threat in China and announced they were ready to fight back.
BTC can still fall to $102,700
exist X PostsCrypto Titan of crypto analyst Titan suggested that the price of Bitcoin could be as low as $102,700. He revealed that BTC is pulling back Daily kijun about $102,700a region that has served before, analysts claim to serve as a solid foundation for the next move.
exist Earlier analysisThe crypto analyst said Bitcoin price may be retesting previous resistance, which turned to support before pushing higher. In this point, Titans of cryptocurrency Warnings are that BTC cannot witness a reconvergence below the current market structure, as this could lead to lower prices.
At the time of writing, the Bitcoin price is trading at about $103,700, down more than 2% in the past 24 hours. data From CoinMarketCap.
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