While the volatility continues in the crypto currency market, new estimates about the future of Bitcoin emerge. One of the famous analysts who previously predicted great collapse in the market, based on Bitcoin’s technical indicators, argues that a downward movement is likely to be likely to. Here are the expectations and warnings of the analyst’s Bitcoin price…
Analyst warns: Fall signals for Bitcoin price.
Bitcoin’s (BTC) existing consolidation can be solved downward, claiming that the crypto collapse three years ago, the analyst, the market should be closely monitored, he says. Analyst Dave The Wave, known as the pseudonym, says that the 148,300 followers of the social media platform X follows Bitcoin’s weekly graphic average convergence and departure (MACD) indicator. MACD is used by traders to determine the trend of an asset and to determine potential input-output points.
According to the analyst, Bitcoin’s MACD indicator is preparing to re -adjust after a decreased intersection and shows that the BTC is on the verge of a correction that will fall below $ 90,000. Dave The Wave expresses this with the following words:
BTC continues to re -adjust the weekly Macd zero point. Technical consolidation and a driving force for new summits in the later stages of the year are likely to be seen.
There are similar movements with 2024
Referring to Bitcoin’s potential decline goals, the analyst says that the daily graph follows a way to the BTC similar to 2024 price movements. Last year, Bitcoin declined to below $ 50,000 after reaching $ 74,000. In this context, he argues that BTC may decrease to the level of $ 80,000, which corresponds to the level of 0.382 fibonacci. The Fibonacci extension tool is known as an important technical analysis tool that helps traders to determine the potential entry and exit levels.
Dave The Wave, which adopts a cautious opinion on BTC in the short and medium term, continues to remain optimistic in the long run. Analyst said that at the beginning of this month, Bitcoin could start a parabolic rally that could reach $ 260,000 before the end of 2025 after the expected decline. Bitcoin is traded at $ 95,503 at the time of this news.
