According to several high-profile Bitcoin analysts, the price of BTC may crash to $60,000 in the coming months. Bitcoin’s momentum has stalled recently, and its recent major gains may prove fragile.

Several analysts predicted a bullish 2025 for Bitcoin but still claimed that its price would first hit a sharp decline in the short term before a future bullish cycle materialized.

Will the Price of Bitcoin Crash

These Bitcoin price predictions were compiled by Ali Martinez, a prominent analyst in the space. Bitcoin’s forward price momentum has sharply declined recently, prompting concerns that the $110,000 goal by New Year’s Eve is becoming unrealistic.

Meanwhile, some leading analysts think that the lack of support at different price points and the existing supply shock can cause BTC to drop even further.

We’re now opening Monday trading below $95,000. This is very, very bad. We are now, as I like to call [it], slipping [into] the $92,000 range. Getting too close… literally opens Pandora’s Box into a massive crash. The possibility has significantly increased that we could easily go to $73,000. You are sitting at the last line of support,” claimed Tone Vays.

For the past week, Bitcoin’s price has been in a “key support area” between $97,000 and $93,800. If the asset’s value drops below this range, we could see a sharp drop to $70,000, as there is minimal support below it. Unfortunately, BTC’s price is currently Go to Source to See Full Article
Author: Landon Manning