Analyst Says Wait For The Bitcoin Price Crack To Trigger A 70% Crash – Here’s The Target

Despite the Bitcoin price bouncing back from its October 10 flash crash, the expectations are yet to turn bullish for the ￰0￱ for where the cryptocurrency could end have been more bearish, especially with sentiment still learning toward the ￰1￱ the price failing to reclaim $115,000, the likelihood of a crash has risen, and calls for the next bear market have grown even ￰2￱ Price Is Set To Crack Crypto analyst RealMacro highlights that there is the possibility that the Bitcoin price could suffer a crack ￰3￱ comes as the Bitcoin price is continuing to consolidate around the $110,000 level, and has not made any meaningful move with momentum from ￰4￱ comes as the cryptocurrency has also shown a lot of vulnerability during this time, and now, the crypto analyst believes that the Bitcoin price is at a “critical inflection point.” There is the possibility that the Bitcoin price can still bounce from here and make a brand-new all-time high.

However, as the bears are gaining more ground, the price could still see a major breakdown from ￰5￱ to the crypto analyst, if the Bitcoin price were to see a breakdown here , the result would be what they call a waterfall ￰6￱ is usually a sharp decline that sends the price toward new yearly lows, and would result in a double-digit ￰7￱ Bitcoin, if this crack occurs, then the crypto analyst believes that the Bitcoin price could crash by more than 50%. As a result, the crypto analyst advises investors to be wary and try to be out of the market before this major crash ￰8￱ only is the price expected to crash by more than half, but the analyst also sets a target below $30,000.

This would mean a 70% decrease in the price , and probably lead to an ever wider wipeout for altcoins in the market. Presently, the Bitcoin Fear & Greed Index is still showing a lot of fear in the ￰9￱ this week, the index drove into the Extreme Fear territory, suggesting that there wasn’t liquidity flowing into the ￰10￱ a move up into fear, there has been a bit of improvement, but investors are still very wary . Nevertheless, times like these have often been the best times to get into the market, as they provide good entries for ￰11￱ with the Bitcoin price still trending above $100,000 , questions abound as to what would happen if the price crashed further.