Bitcoin (BTC) continues its impressive rise, recently hitting a new record high of $113,739.03, attracting the attention of both investors and cryptocurrency experts.
Potential Decline Levels for Cryptocurrencies
Roman Trading, a notable figure in cryptocurrency analysis, has predicted several major downturns over the past eight weeks. Despite a recent miscalculation at the $98,000 mark, he firmly believes the bull market is nearing its end, anticipating a decline as Bitcoin reaches new record heights. He suggests that the ultimate peak may reach $120,000 before potentially dipping below the $90,000 benchmark.
Perspectives of Crypto Analysts
The opinions among analysts regarding future market movements are divided. Roman Trading and his followers expect a potential downturn, while other experts, such as Nic, suggest that growth may continue as many investors remain sidelined. Pentoshi has also expressed optimistic predictions, linking them to the high demand in the US market.
Current Trends in the Cryptocurrency Market
As of today, Bitcoin has risen again, hitting a new high of $113,788. This aligns with analysts' discussions about a 'price discovery phase', indicating that Bitcoin's rise may continue toward its true peak. The $110,000 level is viewed as a crucial support, with increased activity expected as daily closures approach.
In conclusion, the cryptocurrency market is once again in the spotlight after Bitcoin's new record. However, expert opinions on the future price movements remain controversial.
