• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bitcoin at a Crossroads: Correction to $77K or Surge to $120K

user avatar

by Giorgi Kostiuk

a year ago

Bitcoin's price is experiencing significant fluctuations, with analysts trying to predict its future movement.

Price Gap and Its Impact

According to analyst Ali Martinez, there is a significant $12,000 gap between $87,000 and $75,000, which could make Bitcoin vulnerable to further price drops.

On-chain data reveals a $12,000 void between $87,000 and $75,000, with little to no support for #Bitcoin in this range!Ali

Historical Trends and Predictions

Historical data suggests that Bitcoin could experience a -15% pullback in Week 7. This may be linked to the lack of support in the transition price range.

Analysis and Potential Scenarios

Analysts, such as EGRAG CRYPTO, propose two potential scenarios: a 17%-19% correction to prices below $77,000 or a surge to $120,000. Both scenarios consider the current price dynamics and existing gap.

The current market situation for Bitcoin indicates a likelihood of significant movements in the near future, as analysts continue to closely monitor changes to provide the most accurate predictions.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Worldcoin Price Jumps 738% Despite Regulatory Concerns

chest

Worldcoin's price surged by 738%, reflecting renewed buying activity among traders, despite regulatory scrutiny on its biometric identity verification model.

user avatarLucas Weissmann

World Liberty Financial Introduces DeFi Platform World Liberty Markets.

chest

World Liberty Financial has launched its first decentralized finance web application, World Liberty Markets, providing on-chain lending and borrowing services with its dollar-pegged stablecoin, USD1.

user avatarTenzin Dorje

Backpack Exchange's Unified Prediction Portfolio Bridges Trading Gaps

chest

Backpack Exchange's Unified Prediction Portfolio allows users to trade on real-world event outcomes while integrating these markets with traditional crypto trading.

user avatarFilippo Romano

New VASP Registration Requirement for Crypto Apps in South Korea

chest

Google's new policy mandates that cryptocurrency exchange and custodial wallet apps must submit a VASP declaration to the FIU to remain available on the Play Store.

user avatarTomas Novak

Google Play Store to Enforce New Crypto App Regulations in South Korea

chest

Starting January 28, 2025, the Google Play Store will block downloads and updates for unregistered cryptocurrency exchange and custodial wallet apps in South Korea.

user avatarEmily Carter

Ethereum Transaction Fees Hit Record Lows

chest

On Monday, the average transaction fee on the Ethereum network dropped to an all-time low of 0.15, a stark contrast to the 11 fee recorded just a year ago.

user avatarKaterina Papadopoulou

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.