Bitcoin Price Drop Predicted, But Not to Crash Below $30,000

Bitcoin has been a rollercoaster ride lately, but a crypto analyst warns it’s not over yet.

Analyst Predicts Bitcoin Crash to $35,000

Alan Santana, a crypto analyst, predicts a possible Bitcoin crash to $35,000. He believes the maximum pain point for Bitcoin is between $34,900 and $42,855. This means Bitcoin could drop up to 45% from its current level.

But Here’s the Catch:

Despite the predicted crash, Santana doesn’t believe Bitcoin will fall below $30,000. He advises investors to update their trades and expectations accordingly.

Not Everyone Is Gloomy

Not all analysts are as bearish. Doctor Bitcoin predicts a bounce in Bitcoin’s price due to a harmonic pattern in the chart. He believes Bitcoin could rise to $85,000, a 35% increase from its current price.

Current Bitcoin Price:

At the time of writing, Bitcoin is trading at $62,800, showing a 2.26% increase in the last 24 hours.