Cryptocurrency analyst Bluntz, Bitcoin $93,505.3He stated that (BTC) will tend to lose value in the short term. Bluntz stated that Bitcoin is having difficulty staying above the $ 100,000 level and this is worrying.
Bluntz’s Bitcoin Prediction
Bluntz predicts that Bitcoin may decline in price in the next few weeks and then reach new record highs. Using Elliott Wave theory, the analyst suggested that Bitcoin could break down to one of the important support levels, the $90,000 level, followed by a five-wave increase above $115,000.
“The next few weeks may follow such a course for BTC.” – Bluntz
Similar Views from Rekt Capital
Same as Bluntz, analyst Rekt Capital also shares a short-term bearish prediction about Bitcoin. Rekt Capital stated that Bitcoin could fluctuate between $101,165 and $91,000.
“2025 will bring the peak of the BTC bull market and the beginning of a new bear market.” – Rekt Capital
Current Status of Bitcoin
At the time of writing, Bitcoin is trading at $95,325, which is down approximately 8% from the $102,700 reached on January 7.
Predictions by analysts such as Bluntz and Rekt Capital show that volatility in the Bitcoin market will continue in the short term. This situation creates both opportunities and risks for investors.
Analysts’ predictions provide important data to understand market dynamics and make strategic decisions. Such predictions based on technical analysis can be effective in investors’ future planning.
Dynamics in the Bitcoin Market
Bitcoin’s price movements are also closely related to global economic conditions and developments in cryptocurrency markets. Investors may have to act by taking these factors into consideration.
Fluctuations in the Bitcoin market and different opinions of analysts require investors to take strategic steps. Following market trends closely and prioritizing risk management is vital for sound investment decisions.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
