Extreme Bearish Predictions Emerge Amidst the Expected Bull Run, BTC
The post Extreme Bearish Predictions Emerge Amidst the Expected Bull Run, BTC & ETH Price To hit $21000 & $1100 respectively! appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
Bitcoin price after a tough brawl is hovering above $44,000 from the last trading day and manifesting the possibilities to close the Q1 trade close to $50,000. Also, the other assets like Ethereum price maintained their positions above $3000, pointing out towards a probable altseason may be on their toes. Amidst such bullish conditions, still, some believe the market may undergo May 2021 a crash that could drag the price down by more than 50%.
It is not the first time, the Bitcoin price is talked about slashing to $30,000 by the analyst. Many people still believe the star crypto could slash as it hits the pivotal levels above $45,000 and mainly settles above $46,000. However, a popular analyst il Capo of Crypto predicts extreme bearish predictions for the popular crypto. Moreover, he believes these levels are not too far from their destiny.
No doubt the analyst did not mention any specific reason for the crash but also believes the more likely the lower levels may be hit when the traders go negative. However, many people still do not believe in these targets. As the technicals and chart pattern suggest a decent breakout from the consolidation. Nevertheless, it is also believed that the $50K levels are pretty much important for the BTC price as a breach through these levels may completely invalidate the bearish scenario.
To achieve it, Bitcoin price must achieve and sustain above $46,000, where-in the bearish trend may be postponed to some extent. And as Ethereum price more or less follows the BTC price rally, a notable Altseason may also be ignited with a surge in ETH price.