Bitcoin is struggling to stay above $100K, and analysts are sounding the alarm about a potential crash. Let's examine the warnings from notable experts.
Warnings from Jason Pizzino
Jason Pizzino analyzes the market and notes a decrease in interest in Bitcoin, as reflected by Google Trends data. He mentions that trading volume is dropping, putting Bitcoin's price at further risk of decline. Pizzino believes that Bitcoin must exceed $103,000 to regain bullish momentum.
Crash Prediction by Analyst Klarck
Analyst Klarck predicts that a Bitcoin crash may start as early as next week. He attributes this to rising inflation and a reported large Bitcoin sell-off by Binance, which could increase selling pressure and drop the price to $85K.
What Awaits Bitcoin Next?
At the time of writing, Bitcoin is trading at $96,220. Analysts highlight multiple warning signs, and it remains to be seen whether Bitcoin will recover or if crash predictions will materialize.
The coming days will be crucial for Bitcoin's trajectory, with attention focused on economic indicators and market trends.
