BEARISH 📉 : Analysts predict Bitcoin crash to new yearly lows

Bitcoin Price Projections

  • After recovering to $63,000, Bitcoin's price may surpass $70,000, but analysts predict another potential downturn.
  • EduwaveTrading suggests an expanding ending diagonal pattern could drive Bitcoin below $59,000 before stabilizing.
  • The swing low target is above $62,000, indicating a possible drop before recovery.
  • Behdark concurs with the bearish trend, forecasting a fall towards $61,000 if sellers maintain pressure.

Bitcoin price

Both analyses suggest that Bitcoin may experience a significant decline before finding new support levels.