The post Bitcoin bears ‘about to get murdered,’ says crypto analyst appeared on BitcoinEthereumNews.com.

Although concerns are rising that Bitcoin (BTC) might continue to decline in the following weeks, perhaps even dropping below the $40,000 territory, one cryptocurrency analyst believes the opposite will happen, arguing that bears are in the wrong here and “about to get murdered.” Specifically, a popular pseudonymous crypto trading analyst known as Bluntz has earlier shared his core thesis and “base case for BTC,” according to which Bitcoin was making the second wave of its last leg into a new all-time high (ATH), and about to enter the third one, reiterating it in an X post on September 3. Indeed, as the expert’s analysis demonstrates, the maiden crypto asset could end up in the $80,000 zone before consolidating in the fourth wave. After that, the fifth wave could take it upwards and toward $95,000 sometime in October this year. Bitcoin price prediction and performance analysis. Source: Bluntz Other crypto analysts’ Bitcoin price prediction On the other hand, trading analyst Alan Santana suggested the possibility of Bitcoin crashing toward $38,000 within the next few weeks, considering its moving average (MA) shows an “ultra-bearish signal and confirms the bearish bias and potential” as it “moved below EMA8/13/21 weekly in July.” Bitcoin price performance analysis and prediction. Source: Alan Santana However, other experts share Bluntz’s optimism, including another pseudonymous analyst called TradingShot, who recently noted that the original crypto asset could reach new highs based on technical analysis (TA) and exterior catalysts, as Finbold reported on September 2. Bitcoin price prediction and performance analysis. Source: TradingShot Finally, VanEck’s digital asset research team, Matthew Sigel and Patrick Bush laid out a path for Bitcoin’s price by 2050, including a base projection of $2,910,345, a bearish forecast of $130,314, and a scenario of $52,386,207 under bullish conditions. Bitcoin price analysis At press time, the flagship…

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Filed under: News - @ September 3, 2024 1:24 pm