Expert Warns of Impending Crypto Market Collapse Following Bitcoin Peak

The price correction of Bitcoin (BTC) has impacted the cryptocurrency market, with BTC falling below $110,000, a 12% decline from its all-time high.

Market Downturn Expectations

Analyst OxPepesso plans to liquidate all crypto holdings by October due to historical patterns.
Traders expect an altcoin season to last six to eight months; however, it may begin in late September to early October.
Bitcoin's dominance is decreasing while memecoins and Ethereum (ETH) show growing momentum.
Current technical setups indicate potential market overheating, warning of an "uncontrollable collapse."
Extreme Oscillators suggest the market is not yet overheated, but risks are increasing.
MVRV Bands analysis indicates heightened risk of a price drop as the market approaches critical levels.

The Pi Cycle Top indicator signals a potential market top as the 111-day and 350-day moving averages close in.
Onchain Originals Price Models are being used to gauge investor behavior and assess Bitcoin's value ranges.
Analysts predict the current cycle is nearing its final phase, with bearish sentiments increasing.
Doctor Profit has shifted his view on Bitcoin's price, now anticipating lower levels rather than new highs.