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Analista diz que o pior cenário para o Bitcoin é cair para $55,000
According to Cointelegraph, a crypto analyst believes that the maximum pain for Bitcoin this cycle will be a drop to $55,000, rather than the $35,000 some predict. Analyst Sykodelic stated that for Bitcoin to retract 75%, a full expansion is required, which has not been the case this cycle. Bitcoin has currently fallen 31% from its high of $126,000 earlier in October.
The analyst pointed out that Bitcoin's price has never fallen below the Bollinger Bands on a monthly timeframe. They compare this cycle to 2017 and believe that even the weakest expansions should not lead to the deepest contractions. Jeff Ko believes that even a drop to $55,000 is unlikely, expecting Bitcoin to return between $65,000 and $68,000.
The analyst pointed out that Bitcoin's price has never fallen below the Bollinger Bands on a monthly timeframe. They compare this cycle to 2017 and believe that even the weakest expansions should not lead to the deepest contractions. Jeff Ko believes that even a drop to $55,000 is unlikely, expecting Bitcoin to return between $65,000 and $68,000.
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