Bitcoin (BTC) price Today it dropped to $90,300 and the weekend-long calm was replaced by red candles. The fact that the rise that started at 108 thousand dollars caused deeper bottoms worries investors. Many altcoins continue the day with losses of nearly 10 percent. So, what are the expectations of famous analysts towards cryptocurrencies?
How Many Dollars Will Bitcoin Be?
King cryptocurrency After falling to $90,300, its unit is now stalling in the $90,800 band. We have previously mentioned the target of Peter Brandt, who has decades of trading experience, for BTC. In closes below $91,500, the analyst mentioned the risk of a decline to $74,097.
BTC It has not yet made a daily close below the key zone. However, if the analyst’s prediction comes true and cryptocurrencies continue to weaken, we may see deeper bottoms. For closes above $99,000, the analyst points to $116,562. This week we will see inflation and some important data announced. Moreover, Trump will officially take office in 7 days.
US markets had a negative opening at the time of writing, and this is not good for cryptocurrencies. Phoenix, on the other hand, shares the chart below and targets levels of $ 85,000 in case we cannot see a real jump from the $ 90,300 region. The RSI is supportive for now, but since the reaction rise was weak in the last move, the RSI may also make a deeper bottom.
SUI Coin Review
Everyone’s eyes BitcoinWhile we are eyeing , many altcoins have experienced massive declines. The situation is not good for cryptocurrencies, which rushed to the bottom last year. Carl wrote the following in his final analysis.
“SUI It has been trading within this ascending channel for a while now. Keep an eye on support as BTC continues! Bear target – $2.40”
When we come to the end of the article BTC It dropped a needle at $86,256 and returned to $91,000. If the rise does not continue from here, a new sales wave may be seen towards $ 85,000. The possibility of the Biden administration selling billions of dollars of BTC before leaving office and the bad US data turned everything upside down.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
