Bitcoin's price is teetering on the edge, and analysts are sounding the alarm. If BTC loses support at $95,000, it could plummet to $60,000 or worse.¹
The Bearish Outlook:
- Tone Vays' Warning: Trading below $95,000 is "very, very bad" and increases the likelihood of a correction to $73,000.
- Peter Brandt's Broadening Triangle: A breakdown could lead to a retracement toward $70,000.
- Benjamin Cowen's Flash Crash Prediction: A crash to $60,000 might occur around Donald Trump's inauguration.
But There's Still Hope:
- Fundstrat's Optimistic Forecast: Bitcoin could reach $250,000 by 2025, although a pullback to $60,000 might happen first.
- Altcoin Season Isn't Over: Analysts believe altcoins could see a strong recovery, and investors are turning bullish on them.
Keep in mind that the crypto market is notoriously unpredictable, and prices can fluctuate rapidly. Stay informed, but don't panic!
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