Crypto Analyst Affirms Bitcoin Price Top Is Not Yet In
Crypto analyst BitQuant asserts that the peak for Bitcoin has not yet been reached, despite current price struggles. He emphasizes that the market's top structure has not formed and anticipates signaling when it does, particularly after a 25% pullback.
Key Points from Analysts
- BitQuant highlights past cycles where peaks were not recognized until later.
- Kevin Capital agrees the top isn’t in, noting Bitcoin is undergoing significant corrections.
- He predicts a potential drop to $70,000 if BTC falls below $81,000.
- Upcoming macro factors, including labor data and Donald Trump's tariff implementation, may influence price movements.
- Bitcoin is currently trading around $82,000, down nearly 2% in the last 24 hours.
