CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
CoinGape 2024-12-21 11:15:45

Expert Warns of Two More Crashes Before Bitcoin Price Peaks at $225K

Adrian Zduńczyk, a certified market analyst, forecasts that Bitcoin price might undergo two more 20% to 30% dips before BTC hits a peak of $225,000 in this bull run. This outlook suggests that the recent crash was normal and that the uptrend will continue. Expert Hints Bitcoin Price to Hit $225K After Two More Crashes While the recent drop caused billions in positions to be liquidated, Saturday has seen Bitcoin price recover 7% from the December 20 swing low of $92,230. BTC currently trades at $98,859, showing strength after a brutal crypto market crash. Popular and certified analyst Adrian Zduńczyk posted to X stating that 80% of Bitcoin’s bull run is now behind us. Regarding the recent crash, Zduńczyk notes that two more 20% to 30% crashes might occur before Bitcoin price hits $225,000, an all-time high for the ongoing bull cycle. BNC Liquid Index 1-Week Chart He paints a bullish picture for the remaining 20% of the bull run, saying, “Real altseason will happen after BTC top.” The expert warns investors to “realize gains” before 2025 ends. Bitcoin Technical Analysis: What BTC Needs To Resume Uptrend Bitcoin price crashed 15% from its ATH of $108,41.6 and now trades at $98K. Using the Volume Profile indicator between November 11 and December 11 shows that 68% of the volume is concentrated between the value area high (VAH) at $100,000 and the value area low (VAL) at $90,915. Interestingly, the recent drop has brought BTC back into the 68% volume profile range. For a bullish Bitcoin price prediction, BTC bulls need to overcome two key barriers. The VAH at $100K is the first hurdle, followed by the daily imbalance, which extends from $102.7K to $105.3K. BTC/USDT 12-hour chart On the other hand, if Bitcoin bears are still in control, then the ongoing recovery could face rejection at $100K or the aforementioned daily imbalance, stretching from 102.7K to $105.3K. In such a case, Bitcoin price could continue its descent and retest the range low or VAL at $90,915. The post Expert Warns of Two More Crashes Before Bitcoin Price Peaks at $225K appeared first on CoinGape .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.