Bitcoin's current market structure is similar to its setup before reaching its all-time high in November 2021, suggesting a potential bullish trajectory for the leading cryptocurrency, according to crypto expert Credible Crypto, who believes a breakout from the accumulation range could lead to a 120% rally and new all-time highs this year. However, a drop below $24.8k would invalidate this prediction.
Bitcoin's recent correction and retracement of gains linked to BlackRock's BTC ETF application indicate weakness in the market, prompting one crypto trader to stay on the sidelines until Bitcoin either reclaims $30,000 or experiences a major collapse, while also noting that trader sentiment currently favors altcoins.
Bitcoin's recent drop to $26,000 reveals that professional traders are not bearish and reduces the chances of an extended correction, while macroeconomic analyst Lyn Alden shares her view on a common currency proposal among BRICS nations.
Bitcoin price reaches a 2-month low, but crypto analyst Michaël van de Poppe predicts a positive change in the future due to market cycle theories and the upcoming Bitcoin halving in 2024, potentially reaching a price of $50-55K pre-halving.
Bitcoin is predicted to reach a price of $148,000 after the next halving in April 2024, according to Pantera Capital, which manages $3.5 billion worth of assets, and notes that recent events such as the XRP ruling and endorsements by BlackRock are likely to contribute to the next bull market for digital assets.
Bitcoin (BTC) dropped below $26,000 as bearish sentiment and lack of new catalysts weighed on the market, with major tokens like XRP, ADA, and SOL also experiencing a downtrend, while traditional markets saw gains.
Bitcoin pulled back from its all-time high above $28,000 as investors analyzed the implications of Grayscale's court victory against the SEC, with the cryptocurrency dropping 2% to $27,240, while Ether decreased 1.7% to just above $1,700, leading to a decline in the broader crypto market.
Crypto analyst Benjamin Cowen believes that Bitcoin is likely to follow its historical bearish price action seen in pre-halving years and predicts that the cryptocurrency will remain within a range of $12,000 to $35,000 for the rest of 2023.
Bitcoin's price dropped below $26,000 as the approval of a Bitcoin ETF was further delayed by the SEC, reversing the bullish gains from the Grayscale court decision earlier in the week. The crypto market also experienced a decline, with Ethereum's price going down by 3.5% and the overall market cap losing $11.2 billion. However, Maker and Toncoin managed to resist the bearish trend with positive gains. The global macroeconomic landscape also added to the uncertainty, as key economic data raised doubts about a potential interest rate hike.
Bitcoin (BTC) continues to experience losses as the "Grayscale hype" disappears and selling pressure remains strong, with predictions of further downside to around $23,000 and a potential relief rally topping out at $27,200, while U.S. dollar strength adds to the pressure on BTC price.
Crypto analyst Nicholas Merten warns that the altcoin market could lose $60 billion, with Ethereum failing to break above $2,000, indicating a bearish pattern, and he plans to short Bitcoin as well.
Hundreds of millions of dollars worth of crypto assets have been liquidated as Bitcoin's price falls below $26,000, with the majority of the liquidations coming from exchanges such as OKX, Binance, and ByBit.
Bitcoin price action remains uncertain as traders and analysts are divided on its next moves, with downside predictions ranging from $25,000 to $23,000 and concerns of a potential double top structure if the $26,000 level is not reclaimed, while network fundamentals consolidate recent gains and macro markets stay quiet.
Bitcoin is trading near the $26,000 level and uncertainty about its next move suggests a limited downside in the near term, with hopes for approval of a spot Bitcoin exchange-traded fund by the SEC potentially providing support.
Crypto analyst 'Sunnydecree' highlighted the paradoxical behavior of people being hesitant to buy Bitcoin at $26,000, despite major asset managers like BlackRock seeking to enter the crypto space and the potential for future price increases.
Bitcoin continues to trade below $26,000, with the crypto market experiencing a sideways trend, while Deribit's options segment saw increased trading volume in August.
Bitcoin is predicted to reach $22,000 due to worsening investor sentiment and the impact of lawsuits against Binance and Coinbase, while BitMEX co-founder Arthur Hayes claims the bull market began in March.
Bitcoin (BTC) could reach $35,000 by the end of 2023, according to veteran analyst Filbfilb, who also predicts a potential price dip to the low $20,000 range before a reversal in Q4 and a price target of $46,000 by the 2024 halving. He believes that altcoins like XRP and Dogecoin (DOGE) could perform well in the next cycle.
Crypto markets experienced a decline as FTX's potential selling pressure raised concerns, causing Bitcoin to fall below $25,000 for the first time since mid-June, and altcoins to underperform, particularly Solana (SOL).
Bitcoin is on the brink of a bearish breakdown, but there is a possibility that the $25,000 support level could hold, presenting a short-term buying opportunity for investors. The price action of the US dollar and on-chain data suggest that buyers could return soon, making the current situation potentially profitable for opening Bitcoin longs.
Bitcoin's price rebounded to around $26,000 as short traders abandoned their bearish bets, but a lack of bullish catalysts may limit the recovery, with a potential altcoin crash looming as bankrupt exchange FTX plans to sell around $3.4 billion worth of tokens.
Analyst Bluntz predicts that Ethereum (ETH) will continue its bearish price action and potentially drop to $1,440 before rallying, while other trader Benjamin Cowen believes the digital asset could experience a massive freefall, potentially reaching lows below $800.
Bitcoin's recent dip below $25,000 is seen by some as a buying opportunity, but the low amount of BTC changing hands and the risks associated with a potential price increase suggest otherwise.
Crypto analyst Nicholas Merten believes Ethereum is likely to experience a significant price drop, with the possibility of it reaching as low as $300 to $500.
Bitcoin (BTC) briefly surpassed $27,000 before experiencing a 2% drop, resulting in liquidations of approximately $100 million in leveraged trading positions, with short traders suffering $60 million in losses and long traders experiencing $40 million in losses.
Crypto strategist Benjamin Cowen predicts that Bitcoin will experience a short-term rise to test its bull market support band before resuming its downward trend, potentially falling below $20,000, although he believes it could eventually break through the band and enter a sustained bull market.
Bitcoin's recovery is being met with selling above $27,000 due to nervousness surrounding the Federal Reserve's meeting, while long-term investors are accumulating, and institutional activity remains cautious.
Crypto strategist Credible Crypto suggests that Bitcoin could dip to around $24,900 but still remain on track for a bull market cycle, and he is closely monitoring Bitcoin options open interest as an indicator for the market bottom.
Deep-pocketed crypto investors have moved over $660 million worth of Bitcoin, Ethereum, and Chainlink as Bitcoin's price drops below $27,000.
Bitcoin (BTC) experienced a slight decrease in price after predictions of reaching $20,000 resurfaced, with market participants anticipating a "slow grind" to $28,500.
Bitcoin (BTC) could experience a market correction and drop to $20,000 this year, according to a crypto analyst, who points to historical patterns, the presence of a trading gap, and a dip below the 50-week exponential moving average as indicators of a potential decline.
Bitcoin may be heading for a further price decline according to a top trader who previously predicted the cryptocurrency's 2018 bear market bottom, citing a bearish lower-high setup and an ABC corrective move that could push Bitcoin down to $23,800.
Crypto analyst Nicholas Merten predicts a significant contraction in the total market capitalization of Bitcoin and other digital currencies, with Bitcoin potentially facing a plunge of over 43% and stabilizing between $15,000 and $16,000 as the market potentially finds a foothold around the $650 billion cap.
Bitcoin failed to break through local resistance and may be forming a bearish head-and-shoulders pattern, with analysts suggesting a potential drop to the $22,000-$20,000 range; meanwhile, the surge of the US dollar could pose a further challenge to Bitcoin and other cryptocurrencies.
Bitcoin, Ethereum, and Solana could experience significant price declines, with Bitcoin potentially dropping by over 20% and Ethereum and Solana also facing dips, according to crypto strategist Kaleo.
Bitcoin (BTC) is attempting to trade above $27,000, showing resilience in the face of adverse conditions and indicating a longer-term view on the cryptocurrency.
Bitcoin's price has fallen in the third quarter of 2023, but a positive monthly close in September suggests a potential recovery, and altcoins are also showing signs of strength, with Bitcoin's relief rally potentially reaching $28,000.
Crypto analyst predicts Bitcoin (BTC) could reach $89,000 by 2025, with a "max upside" of $142,000, depending on factors such as on-chain supply, the approval of spot BTC ETFs, and overall adoption of the cryptocurrency.
Bitcoin experienced a swift decline after failing to reach six-week highs at $28,000, with the subsequent hourly candle causing a $700 drop in the market, but there are still expectations for another attempt.
Bitcoin could potentially face a 60% price drop, as liquidity remains negative and global rates continue to rise, according to Bloomberg Intelligence senior macro strategist Mike McGlone. He also suggests that a stock market drawdown related to a recession poses the biggest risk for the overall cryptocurrency sector.
Bitcoin experienced a brief rally above $28,000 but quickly dropped to $27,300, remaining relatively flat compared to the wider crypto market; however, it is still defying the market rout in equity and U.S. Treasury bond trading, signaling a bull market, according to ByteTree's chief investment officer.
Bitcoin may experience a significant rally to $42,000 if it breaks through the resistance level at $28,000, as suggested by top trader DonAlt, who remains bullish on BTC despite bearish sentiment.
Bitcoin may be entering an uptrend if it settles above the $28,400 mark, according to crypto analyst Jason Pizzino, who also suggests that a weakening dollar index could further boost BTC's value.
Bitcoin's price may experience a significant drop to $19,000 before entering a full bull market next year, according to a trader who accurately predicted the cryptocurrency's 2018 bear market bottom; the trader also suggests that the smart contract platform Avalanche's altcoin bounce is over after failing to break resistance at $11.
Buyers struggle to maintain Bitcoin price above $27,000 as selling increases due to inflation pressure and uncertainty, but analyst predicts a potential rally to the next halving in November; BitMEX founder Arthur Hayes is even more bullish, predicting Bitcoin could reach $750,000 to $1 million by 2026.
Crypto strategist Benjamin Cowen predicts that Bitcoin could fall by at least 8%, which could have a negative impact on altcoins and potentially lead to a significant decline in the altcoin market.
Bitcoin (BTC) may have failed to reach $100,000 during the 2021 bull market due to the selling of BTC by executives at defunct exchange FTX, according to analysis and testimony from the ongoing trial of former FTX CEO Sam Bankman-Fried.
