Bitcoin 
$86,989.86 The price seems willing to reverse its rise at the beginning of the week today and we are heading into the weekend below $90k. Losses of up to 8 percent for altcoins were triggered by BTC falling to $88,000. The analyst, who has said many times that even a decline or a bigger one awaits us, issued a new warning today.
Analyst Who Knows the Fall
Roman Trading says that, especially in the last 2 quarters, the Bitcoin price has reached a level where it is no longer worth taking risks and will fall. Although ATH of 126 thousand dollars created the perception that he was wrong, he was soon right and BTC He lost more than 46 thousand dollars. While the MACD and RSI fell to unprecedented levels during this decline, the analyst who correctly predicted the decline continued to say that there would be more to come.
He talked about the long-term bullish structure breaking down for months. Now, BTC is getting closer to deeper bottoms with each new week as it cannot reclaim the support line of the rising trend that started in 2023. While the news flow increases volatility, the high leverage in crypto strengthens the bearish momentum every time.
In today’s evaluation of Bitcoin He wrote that it would fall below 76 thousand dollars. This thesis is supported by the SPX chart (below).
“Look at the daily chart of the S&P 500. It is described in technical analyst textbooks. double top return occurs.
I would like to remind you that we are up almost 50% compared to 10 months ago, so a correction here would be completely normal.
An important point is how BTC will react – considering its weakness, I predict it will take us to $76k and possibly lower.”
The chart above is the scenario predicted for BTC. The analyst, who keeps the possibility of a fake rise that could reach 104 thousand dollars on the table, believes that even this cannot prevent the bottom below 76 thousand dollars.
Other Analysts’ Predictions
What a coincidence, today DaanCrypto also discussed the situation of BTC compared to the S&P 500. BTC has fallen 37% relative to the exchange from its local relative highs in July this year. While stocks were breaking new records and Nvidia was exceeding the $5 trillion threshold, it was painful that cryptocurrencies did not accompany them on the rise.
“That’s a big reason why this decline felt so bad compared to other declines this cycle. While everything else was rising pretty quickly, Bitcoin and altcoins were left behind and even sold off.”
I believe BTC is becoming more attractive again to long-term value investors. A similar situation exists when compared to gold.
What Bitcoin and cryptocurrencies need most is liquidity. “I am quite confident that once liquidity returns to financial markets, BTC will outperform again.”
When we come to the end of the Nic year, the 2025 opening level will be lost and ETF cost base He became pessimistic because of the fall. MSTR MNAV is challenging and it is unclear how long ETF investors will remain patient under the cost zone. Since yesterday’s ETF outflows also increased concerns, the possibility that the “big thing” waiting for cryptocurrencies will be deeper bottoms may be increasing.
