Top crypto analyst Capo has indicated that the Bitcoin price crash is not 0 comes amid a rebound in the flagship crypto, which has climbed from the lows recorded during the recent crypto market 1 Predicts 30% Drop For The Bitcoin Price In his latest market update, Capo predicted that the Bitcoin price could still drop another 30%. This came as he noted that the flagship crypto remains above $100,000, far from the $60,000 to $70,000 range that would align with a complete market 2 added that until then, the downside potential remains 3 Reading: Bitcoin Short-Term Prediction: Why The Price Will Cross $140,000 By The End Of October This market update comes amid the crypto market crash last Friday, when Bitcoin fell to as low as $104,000 following Trump’s announcement of a 100% tariff on China. $19 billion was wiped out from the crypto market, marking the largest liquidation event 4 opined that the event was likely the ‘pre-Black Swan event’ and the first phase of something 5 analyst noted that altcoins have already seen historic capitulation, but that several major coins still haven’t fully 6 asserted that the wicks should eventually be filled and that lower levels may still be ahead for the Bitcoin price and the broader crypto market.
meanwhile, he mentioned that a brief consolidation over the weekend was likely but that more downside should follow this week as the global markets 7 Bitcoin price bounced over the weekend, reaching as high as $116,000, as long positions piled up again following the 8 analyst The King Fisher highlighted upside liquidity of up to $118,000, noting that “weekends are for BTC range liquidations fishing.” It is worth mentioning that BTC had also rebounded thanks to Trump’s statement on Sunday, in which he allayed fears of a full-blown trade war with 9 Market Is Not Done Yet Crypto analyst Titan of Crypto assured that the bull market is not yet, indicating more upside for the Bitcoin 10 analyst explained that the bull market starts when BTC reclaims its 50 SMA and that the bear market starts when it loses 11 flagship crypto also achieved a weekly candle close above $112,000, which confirmed Titan of Crypto’s thesis.
Meanwhile, crypto analyst Jelle noted that the Bitcoin price is back at the $115,000 resistance 12 further remarked that a successful reclaim of this level could send the flagship crypto to a new all-time high (ATH). BTC had hit a new all-time high above $126,000 before last week’s crash, which erased its October 13 Reading: Here’s Why The Bitcoin, Ethereum, And Dogecoin Prices Are Crashing At the time of writing, the Bitcoin price is trading at around $115,100, up over 3% in the last 24 hours, according to data from 14 image from Pixabay, chart from 15
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