Bitcoin (BTC) It continued the upward momentum that it started after Trump’s victory in November, until the ATH of 108 thousand dollars in December. However, Bitcoin, which decreased after the ATH of 108 thousand dollars, moves in a certain range.
However, an analyst says Bitcoin will probably decline further and continue for a while.
He claimed that it was likely to remain below its $108k ATH.
Speaking in a YouTube video, famous crypto analyst Jason Pizzino warned that Bitcoin could fall to $80,000 if important support is broken.
At this point, the analyst said that if Bitcoin breaks the critical support level of $91,750, the decline could deepen below $80,000.
The analyst argues that a drop below $85,000 could deepen the correction and potentially go as far as $73,000-74,000.
Despite the bearish forecast, the analyst added that he sees the continued declines as a healthy market correction after an extreme bull market.
“Bitcoin falling below $85,000 could mean the correction extends to $73,000-$74,000. (which are previous peaks, which is a worrying sign.)
Currently, Bitcoin is at a critical point. BTC has been below its last ATH for 14 days. So this is Bitcoin’s election day [5 Kasım 2024] After surpassing the $74,000 peak, this is the longest time it has remained below the peak throughout this entire movement.
So it may take longer than expected for Bitcoin to recover to the new ATH.”
Bitcoin Forecast for 2025!
Analyst X also announced his expectations for 2025 in his post on his account.
Accordingly, analysts listed their expectations as follows:
“…. Bitcoin will not fall below $66,000 this cycle.
There are no monthly closes below $74k this cycle.
Bitcoin will reach at least $122k (possibly $144k) in 2025.
ETH will surpass BTC in 2025.
ETH/BTC will close the year higher.
ETH/BTC will not break 0.09 this cycle.”
My Top 13 Forecasts for 2025
Attempting to forecast the markets is something I’ve enjoyed doing; turning this into an annual event to reflect on at the end of the year and see what worked and what I can improve on.
Below are my market forecasts for Bitcoin, SP500, Nasdaq, Dow… pic.twitter.com/o4rcbjz0Vg
— Jason Pizzino 🌞 (@jasonpizzino) January 2, 2025
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/analist-bitcoinde-once-daha-fazla-dusus-uyarisinda-bulundu-sonra-2025-tahminlerini-siraladi/
