Crypto NewsAnalysisAnalyst Says Bitcoin May Fall to This Level Before ATH, Announces Its...

Analyst Says Bitcoin May Fall to This Level Before ATH, Announces Its Targets!

The cryptocurrency analyst claimed that Bitcoin could drop to $38,000 before the halving event, which is expected to take place in April 2024.

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While Ethereum (ETH) and altcoins, especially Bitcoin, are generally in a downward trend, many analysts think that these declines may deepen further.

At this point, the cryptocurrency analyst known as Crypto Tony on social platforms argued that Bitcoin may fall a little more before rising.

Accordingly, the analyst claimed that Bitcoin could drop to $ 38,000 before the halving event, which is expected to take place in April 2024.

“I am currently expecting $38,000 in Bitcoin as we head towards the halving in April.”

Additionally, the analyst stated that he has two decline targets for Bitcoin and announced that these targets are $ 38,000 and $ 31,000.

Although the analyst expects a decline in BTC before the halving, he maintains his expectation of an increase in the long term.

Because the analyst stated that he expected a new ATH in BTC this year and predicted that Bitcoin could reach a minimum of $ 80,000.

“I expect the maximum peak of this cycle:

ETH reaching minimum $8,000 BTC reaching minimum $80,000

But these are just guesses.”

*This is not investment advice.



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