Crypto analysts continue to make predictions about the market despite its constant changes. One such expert is Roman Trading, who has stood out with his accurate forecasts and recent comments on the current market situation.
Accurate Bear Market Forecast
Roman Trading initially predicted Bitcoin to decline to $112,000, later marking levels at $108,000 and below. As the price approached $98,000, he appeared confident in his forecasts. However, an unexpected agreement in Iran changed the landscape. This week, he expressed concerns about further bearish risks, stating:
> "The bull run might proceed, offering good gains. However, if mistaken, prepare for a 75% drop as seen in 2021. Most long-term indicators align similarly, suggesting risks may not justify the rewards."
Diverse Opinions from Analysts
Bitcoin currently hovers around the $107,000 mark. Amid new records in the U.S. stock markets, Trump commented, "Bitcoin eases pressure on the dollar," yet the continuous weakness of Bitcoin raises concerns. Analyst DaanCrypto remarked on the current state of Ethereum (ETH):
> "After a major drop to clear liquidity and stop orders on ETH, we’re back in the same range. Notable levels are marked on the chart. Most trading occurred around $2,500, matching the mid-range. Breaking this level might see us attempting the long-resisted $2,700-2,800 range."
Altcoin Prospects
Altcoin investors are vexed by ongoing weakness, with Quinten attributing it to new lows in altcoin flows. Meanwhile, Washigorira suggested that as ETH finds support, bullish momentum might persist, potentially reclaiming momentum if surpassing $2,500.
In conclusion, analysts' forecasts remain mixed, and the future of the cryptocurrency market will depend on numerous factors both within and outside of the market.
