With the Bitcoin price seeing some recovery after crashing to $102,000, speculations now abound as to where the pioneer cryptocurrency could be headed next. So far, it has been a mixed bag, with some expecting a rally similar to the COVID rally to follow, and others believing that this is the start of the bear market. In the same vein, a pseudonymous crypto analyst has painted a clear picture of where they expect the Bitcoin price to go, depending on how it performs in relation to the midpoint level. What Happens If The Bitcoin Price Stay Above the Midpoint? Presently, the midpoint line is important to the performance of the Bitcoin price. This is because it lies firmly between the major support and resistance that were seen in the last few weeks. This puts the midpoint at around $111,994, marking the next decisive point for the cryptocurrency. Related Reading: XRP Open Interest Crashes 50% Over The Weekend, What Does This Mean For Price? As the crypto analyst explains, if the Bitcoin price is able to stay above the midpoint, then the next major resistance that it would need to beat lies at the 0.75 Fibonacci level. This translates to the $117,605 price level, making it the point where the bears could mount the most resistance, especially given the fact that this trend is bearish on the lower time frames. Nevertheless, staying above this midpoint would mean that the trend remains bullish and in favor of the buyers. Thus, it would send the trend for a rally confirmation, and potentially lead the charge toward the next bid for new all-time highs. “A V-shaped recovery and move straight to the highs would be max pain after such a brutal move down,” the analyst stated. Bears Could Still Reclaim Control While the Bitcoin price staying above the midpoint is still bullish, there are way more bearish implications if the price breaks down at this level. The analyst points out that losing the midpoint level would mean that the Bitcoin price was once again open to backfilling the wick. Related Reading: XRP About To Stage A Repeat Of 2017? Here’s What Happened Last Time There Was A Flash Crash This wick refers to the flash crash wick that was established last Friday, when the Bitcoin price fell to $102,000. The market continues to struggle to recover from the last crash, even with Bitcoin being above $110,000, and another breakdown toward $102,000 could be catastrophic for altcoins. In support of the bearish thesis, another crypto analyst also pointed out that the Bitcoin price is exhibiting signs of distribution. With this, it is possible that Bitcoin could form a reversal pattern and continue the price downtrend. From here, the analyst sees the price eventually crashing below $100,000 before finding support. Featured image created with Dall.E, chart from Tradingview.com

أثارت التقلبات الأخيرة في سعر البيتكوين مزيجًا من التفاؤل والحذر بين المستثمرين. بعد انخفاضه إلى 102,000 دولار، يتوقع بعض المحللين انتعاشًا محتملاً مشابهًا لارتفاع السوق خلال جائحة كوفيد، بينما يحذر آخرون من أن هذا قد يشير إلى بداية سوق هابطة. تبرز حالة عدم اليقين المحيطة بمسار البيتكوين المستقبلي الطبيعة المتقلبة للاستثمارات في العملات المشفرة، مما يجعل من الضروري للمستثمرين البقاء على اطلاع والاستعداد لنتائج متنوعة.

Las recientes fluctuaciones en el precio del Bitcoin han generado una mezcla de optimismo y precaución entre los inversores. Tras una caída a 102,000 dólares, algunos analistas predicen un posible repunte similar al del mercado durante la COVID, mientras que otros advierten que esto podría señalar el inicio de un mercado bajista. La incertidumbre en torno a la trayectoria futura del Bitcoin resalta la naturaleza volátil de las inversiones en criptomonedas, lo que hace crucial que los inversores se mantengan informados y preparados para diversos resultados.

Les récentes fluctuations du prix du Bitcoin ont suscité un mélange d'optimisme et de prudence parmi les investisseurs. Après une chute à 102 000 $, certains analystes prédisent un potentiel rallye rappelant la montée du marché pendant la COVID, tandis que d'autres avertissent que cela pourrait signaler le début d'un marché baissier. L'incertitude entourant la trajectoire future du Bitcoin souligne la nature volatile des investissements en cryptomonnaie, rendant essentiel pour les investisseurs de rester informés et préparés à divers résultats.

Bitcoin's recent price fluctuations have sparked a mix of optimism and caution among investors. After a dip to $102,000, some analysts predict a potential rally reminiscent of the COVID market surge, while others warn that this could signal the onset of a bear market. The uncertainty surrounding Bitcoin's future trajectory highlights the volatile nature of cryptocurrency investments, making it crucial for investors to stay informed and prepared for various outcomes.

Bitcoin Price Crash Below $100,000 Coming? Factors That Highlight Another Decline

Lower adjusted net asset value multiple means Strategy can no longer issue equity at a premium, threatening its long-term plan to accumulate more bitcoin, analyst Brett Knoblauch wrote.

شهدت أسهم Strategy انخفاضًا كبيرًا، مما دفع Cantor إلى خفض هدفه السعري بسبب انخفاض مضاعف القيمة الصافية للأصول المعدلة. وأشار المحلل بريت كنوبلاخ إلى أن هذه الحالة تمنع Strategy من إصدار الأسهم بسعر أعلى، مما يهدد خططها طويلة الأجل لتجميع المزيد من البيتكوين.

Las acciones de Strategy han experimentado una fuerte caída, lo que llevó a Cantor a reducir su objetivo de precio debido a un múltiplo de valor neto de activos ajustado más bajo. El analista Brett Knoblauch destacó que esta situación impide que Strategy emita acciones a una prima, poniendo en peligro sus planes a largo plazo para acumular más bitcoin.

L'action de Strategy a connu une forte baisse, incitant Cantor à réduire son objectif de prix en raison d'un multiple de valeur nette d'actif ajustée plus bas. L'analyste Brett Knoblauch a souligné que cette situation empêche Strategy d'émettre des actions à un prix supérieur, mettant en péril ses plans à long terme d'accumulation de bitcoin.

Strategy's stock has experienced a significant decline, prompting Cantor to reduce its price target due to a lower adjusted net asset value multiple. Analyst Brett Knoblauch highlighted that this situation prevents Strategy from issuing equity at a premium, jeopardizing its long-term plans to accumulate more bitcoin.

Bitcoin Price Crash Below $100,000 Coming? Factors That Highlight Another Decline

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