- Bitcoin could fall as low as $88,000 in the coming days.
- This could mark the fear peak state of the current bull run.
- Once the price of BTC bottoms, it will move to hit higher ATH prices.
Reputed analysts are coming together to predict what action the crypto market will take next, and currently, most predictions are leaning towards a massive fall in prices. During this dump, the price of Bitcoin (BTC), the pioneer crypto asset, could fall as low as the $88,000 price range. In detail, one analyst expects a Black Monday event at the start of the coming week that will lead to this massive price drop.
Bitcoin Could Fall as Low as $88,000
Ever since the $20 billion liquidation event that led to a market reset, reputed crypto analysts have been divided on what to expect next, and have been especially torn between bullish and bearish expectations. The event that will now be remembered as the largest single-day liquidation in crypto history went on wipeout all leverage and long trades in the market, including a $3 billion in short trades.
With almost all altcoin positions wiped out, the crypto market came to a sort of reset, and while it would have been certain that bullish sentiments were expected after this reset, the market seems to be pointing to a deeply bearish state. At the moment, the worst-case scenario would take the price of BTC back to the $60,000 – $70,000 price range. However, a more likely scenario is a drop to $88,0000 – $92,000.
Despite the differences, most analysts are certain that the crypto bull market will see a dramatic BTC price drop that will take the pioneer crypto asset back down to its 5-digit price range. This drop will likely occur in a series of 2 – 3 dips until the market will go on to bottom and allow the prices of promising crypto assets to surge back to 6-digit prices before moving to hit new ATH targets.
This Could Mark the Fear Peak State of the Current Bull Run
This crash is likely a master move by Trump and his administration to resolve the US’ national debt issue. At the moment, rumors state that Trump is using the rising prices of gold and silver to offset the national debt. In detail, once the price of gold, which is hitting monumental ATH prices, peaks, Trump will use these profits to offset the US national debt and stabilize the dollar. After which, all funds are expected to flow into Bitcoin.
As we can see from the post above, this analyst believes that what is playing out now and the aftermath of the coming dump will mark the state fear peaks for the ongoing bull run. This is what where charts look broken and the community believes the cycle is at an end. The analyst concludes that this is just how the market is preparing itself before its next parabolic pump in the days ahead.
