Recent events in the cryptocurrency market have raised concerns among investors, reflected in the forecasts from notable analysts. Roman Trading emphasizes that the current situation could lead to significant challenges.
Analyst Predictions
Roman Trading believes that the long-term structure of the crypto market is at risk. According to his previous assessments, Bitcoin may reach new lows, having already breached the support level at $108,000, leading to significant liquidations. He stresses that "investors should not jeopardize their funds for profit margins that aren’t worth the risk." He predicts that if the next drop occurs, Bitcoin could fall to $30,000-$50,000.
Investor Fear
Investor fears are heightened amid uncertainty regarding the policies of the US Federal Reserve. Requests for interest rate cuts create additional concerns, while the recent sale of large volumes of Bitcoin (over $6 billion) exacerbates the situation. "BTC sentiment has reached its most negative level on social media since June," notes analyst Martinez.
Altcoin Prospects
Despite negative forecasts for Bitcoin, Roman Trading points out that altcoins may present attractive returns, as many of them have yet to reach their all-time highs. However, he emphasizes that current conditions may create pressure on the entire market.
The situation in the cryptocurrency market requires caution from investors. Analysts' forecasts highlight the presence of significant risks that may impact the market in the near future.
