Analyst Warns "Achieving New ATH for Bitcoin in 2025 is Challenging!" and Forecasts Potential Lowest BTC Price Drop!
Bitcoin Price Decline: Bitcoin has dropped below $100,000 to around $96,000 due to reduced expectations for a Fed interest rate cut and ongoing uncertainty from the US lockdown, leading to increased bearish sentiment among investors.
Analyst Insights: Experts like Andrei Grachev suggest that despite the current volatility, this may be a good buying opportunity, while McKenna warns of potential further corrections if Bitcoin falls below key support levels.
Future Price Predictions: While short-term corrections are anticipated, McKenna expresses a cautious optimism for Bitcoin's medium to long-term outlook, predicting it could exceed $150,000 in late 2026, but sees a new all-time high (ATH) in 2025 as unlikely.
Investment Caution: The article emphasizes the importance of individual research (DYOR) in making investment decisions, highlighting that the current market conditions should be approached with careful consideration.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36103.034 | 48051.517 | 60373.054 | 72321.537 | 84643.074 | 96591.557 | 108913.094 |
| Fibonacci | 48051.517 | 57322.665 | 63050.389 | 72321.537 | 81592.685 | 87320.409 | 96591.557 |
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