These Analysts Predicted The Bitcoin Price Crash And Their Forecasts Say It’s Not Over

The Bitcoin price crash began over the weekend and has since seen he digital asset break below the $112,000 support level. Interestingly, this crash was called by a couple of crypto analysts who had pointed out the weaknesses surrounding Bitcoin over this ￰0￱ their predictions begin to play out, this report takes a look at the complete forecasts, with most showing that the Bitcoin price crash is far from over and must proceed deeper before finding a ￰1￱ Price Is Headed Below $100,000 Crypto analyst HAMED_AZ had previously pointed out that the Bitcoin price was moving within a descending ￰2￱ this was a bearish trend, it was expected that the Bitcoin price would begin to crash, and this was the ￰3￱ is also the fact that the Bitcoin price had broken its short-term ascending ￰4￱ the same time, it had also reached the upper boundary of the descending channel, meeting resistance at $117,000-$120,000.

As the bears pushed back on the price, the fall had ￰5￱ Reading: Analyst Predicts XRP Price Will Definitely Reach $10,000, Gives Reasons Why It didn’t help that the resistance was sitting a the 61.8% Fibonacci retracement level, one of the factors that triggered the corrective ￰6￱ the short-term ascending trendline was broken, it empowered the bears to take control of the digital asset once ￰7￱ the already notable decline, the crypto analyst says that as long as the price stays below $118,000-$120,000, then the bearish pressure will ￰8￱ possible target here is below $106,000, but the descending trendline points to a bottom as low as $96,000 in the worst-case ￰9￱ Are Still In Control Another pseudonymous crypto analyst on the TradingView website has also outlined why the Bitcoin price is ￰10￱ fact that the digital asset had broken below the ascending trendline, as well as the Ichimoku cloud, suggests that the momentum has turned bearish from ￰11￱ Reading: Solana Faces Deadly Selling Pressure After 312,233 SOL Deposit Into Coinbase – Here’s The Value With the support of $113,00 already lost, the next targets are on the ￰12￱ are expected to keep crashing as low as $108,000 before finding a bottom.

However, there could be redemption on the horizon if the bulls are able to reclaim the support between $113,000 and $114,500. But a more definite close above $115,000 would completely invalidate the current bearish move. Meanwhile, crypto analysts like CrypFlow on X are more bullish after the ￰13￱ analysis shows that the Bitcoin Bollinger Bands are being squeezed ￰14￱ is also a bullish Stochastic RSI cross and a momentum ￰15￱ all of these developments so close together, the analyst believes that it is only a setup for the Bitcoin price to rally ￰16￱ image from Dall. E, chart from ￰17￱