Bitcoin 
$104,050.19 price It is making bigger bottoms as the hour progresses, and at the time of writing, the $100,200 support was also tested. If BTC, which found buyers at $ 100,700, breaks this support, it may fall to the range of $ 98,400 and $ 95,000. In altcoins, the sell-off is even more painful. So how many dollars is Scott aiming for?
BTC, SOL, XRP, ETH Target
The weekly candle will give big signals to analysts for cryptocurrencies if we do not see a serious recovery. cryptocurrencies Most of them are losing the 50 MA level on a weekly basis, and being below it when the weekly candle closes could lead to a journey towards the 200MA region. Scott Melker shared sample levels for some cryptocurrencies.
BTC In this scenario, it could move towards a new low near $55,000.
Solana (LEFT) It lost the 50MA level and is moving towards $101.
XRP Coin Like others, it may test the 2000MA level at $1.03 as it lost its 50-day moving average.
ETH It has a bit more advantage here since it has a delayed rise. The 50-day MA has not yet been broken or even close. However, in a losing situation, the 200MA is at $2,440 and that is where the downside target is. BTC should recover quickly in the short term and move altcoins away from this nightmare scenario. We will be watching the news closely this week so as not to miss it. CryptoAppsy You can follow the live stream and news summaries in the news section for free.
First the Fall, Then the Rise
While fear is running to its peak as it is today, investors do not think about the possibility of the price coming back. This psychology is like not thinking about the decline during the rise. Today is the day for the bears, even though a lot of good news makes huge declines meaningless. Martinez, on the other hand, expects short hunting to begin soon with a quick return to 106,500 and 112 thousand dollars.
The analyst nicknamed Psycho wrote:
“Look at this to show how stupid things can get in 2025. ETH lost 47% in 75 days, then gained 92%. The current decline is only 32% from the high, so if we repeat the situation in 2024, ETH could reach $2600. What’s even crazier is that most of these big declines tend to recover and reach new highs.”
Maybe he will be right and the recovery will begin. One user wrote against this optimism:
“The difference between then and now is the 4-year cycle: the normally 1065-day cycle from trough to peak has been extended by +-1080 days, which coincidentally coincides with the 126,000-day cycle on October 12th. BTC “It completely coincides with its summit.”
Many analysts expecting a decline are saying exactly the same thing.
