Expert Analyst Predicts Potential Drop in Bitcoin (BTC) Value: What Investors Need to Know
15d ago•
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- Bitcoin’s price is predicted to correct due to weak market structure, according to Markus Thielen from 10x Research.
- CryptoQuant CEO, Ku Young Ju, notes that new Bitcoin whales and spot ETF buyers are now underwater.
- Experienced trader Peter Brandt also predicts a further decline, suggesting Bitcoin could dip into the high 40s.
Bitcoin’s price is expected to correct due to a weak market structure, with predictions suggesting a drop to $30,000. New Bitcoin whales and spot ETF buyers are now underwater, adding to the market’s uncertainty.
Is Bitcoin Heading for a Crash?
Markus Thielen, who has been successful in previous predictions, shared his forecasts following the recent fluctuations. Due to the weak market structure, he expects a correction in the Bitcoin price. Thielen first predicts a Bitcoin drop in the $52,000-$55,000 range. As you may know from Kriptokoin.com, the BTC price dropped to $56,552 due to Fed rate concerns. The analyst also points to a metric indicating that the BTC price could drop to $30,000.
