CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
NullTx 2024-12-27 09:26:40

Bitcoin’s Christmas Rally: Will It End In A Crash To $60,000?

Bitcoin’s price surged to nearly $100,000 on Christmas Day, fueling speculation of a potential rally to $110,000. However, renowned analysts are sounding the alarm, predicting a drastic correction to $60,000. #Bitcoin $BTC will CRASH to $60,000!!! At least, that's what some of the most renowned analysts are saying. Let's dive in — Ali (@ali_charts) December 26, 2024 Tone Vays believes that trading below $95,000 is a ominous sign, increasing the likelihood of a downturn to $73,000. Peter Brandt echoes this sentiment, warning of a potential breakdown below $70,000. Meanwhile, Fundstrat’s optimistic forecast of $250,000 by 2025 is tempered by Mark Newton’s prediction of a near-term drop to $60,000. Is Bitcoin Gearing For A Major Dip? On-chain analysis suggests that a correction to $70,000 is plausible, with a significant support zone breached at $97,300. Savvy investors appear to be bracing for impact, with over 33,000 bitcoins worth $3.23 billion flowing into exchanges in the past week. Profit-taking is also on the rise, with $7.17 billion in bitcoin profits realized on December 23 alone. Bitcoin has jumped to as high as $99.8K on a bullish Christmas crypto performance. Traders are now swinging bullish once again, with speculation of $110K getting rampant. Historically, we will see $110K Bitcoin only after the crowd doesn't expect it, as this image shows. pic.twitter.com/j4w3VQ4Zio — Santiment (@santimentfeed) December 26, 2024 For the bullish outlook to prevail, bitcoin must reclaim its critical support zone and sustain a daily close above $100,000. If achieved, this could pave the way for a new leg up to $168,500. However, the bears are circling, and a failure to reclaim this level could spell disaster for the cryptocurrency. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: skorzewiak/ 123RF // Image Effects by Colorcinch

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta