Author
Ahmed Barakat
Author
Share it
Facts Checked by
CryptoNews Editorial Team
Author
Bitcoin is trading near $78,000, it is doing well, but it is placed below the resistance of $79,000. A few researchers give a value of $50,000, but our Bitcoin data shows $80,000. A few named an expert Traders issued a sharp warning this week, suggesting a 36% drop from current levels to $50,000 if the Bitcoin trend reaches a low.
In the analysis he shared on X, the trader recorded three historical combinations in which Bitcoin traded sideways for 64 to 114 days before the violent explosion, two of which ended in 27% and 33% losses, respectively.
Setting up this segmented market leads to some amazing musical ideas. Bitcoin has now broken two-and-a-half months, and the bottom is in sight, or the lag.
Note: The best deals before the sale starts
Bitcoin Price Prediction: A Swing to $80K, or Is $50K the Realistic Target?
The current price of Bitcoin is running for a minute, with combined support at $72,000-$73,000 and deep Fibonacci support at $70,000-$68,000, which is above $50,000. Resistance is at $79,000, an area that has rejected the price twice in the last 10 days.
Our forecasting model believes that $72,000 is the most important “value line”, as a base for $80,000-$90,000. However, a clean break below risk of panic is selling at around $50,000.
One analyst has a more aggressive forecast, placing the bear below $30,000-$40,000 following a $79K failure.
The ETF entry is one to watch, especially with a lot of money coming in for over 2 weeks now. Check out ours BlackRock and Strategy accumulation analysis regarding the position of organizations in these areas.
Note: The best crypto to change your profile
Bitcoin Hyper Looks Strong-Mover Upside as BTC Tests Critical Support
Traders sitting in BTC face asymmetric risk, 36% down to $50,000 versus less than 5% upside up to $80,000, with macro headwinds still unresolved. This math is pushing more money into the old Bitcoin game where the higher calculations look different.
Bitcoin Hyper ($HYPER) it’s putting it as a direct bet on Bitcoin’s scalability problem, the same slow moves and high fees that have undercut BTC’s bottom line for years. This project will be the first Bitcoin Layer 2 with the integration of the Solana Virtual Machine (SVM), promising Solana delays and the execution of value contracts when they receive the security of Bitcoin.
Sales are already up $32.5 million at the current price of $0.0136and 30% APY availability of early participants. As written a recent report on past eventsthe rise has been increasing along with the volatility of Bitcoin prices.
Bitcoin Hyper Research before starting the next price change.
