The analyst says that the price of bitcoin will reach its climax exceeding 300,000 dollars, but 76 % breakdown on the horizon star-news.press/wp

the Bitcoin price is likely to be this course The issue of hot debate has been over the past few years. The assembly presented to the highest new level ever above $ 123,000 in July, a renewed vitality in the arguments, where some believe that the leading cryptocurrency has reached its highest point, and others still expect higher prices. The calls ranged between $ 150,000 to $ 500,000, but the possibility of collapse of the main Bitcoin price is still with the maturity of the market.

What do you say to perform the previous course around the highest bitcoin price

Mike Alfred, the market expert, moved to the X platform (formerly on Twitter) Involve It is believed that the price of bitcoin is heading. Alfred uses the previous cycle offers and its lowest levels in the subsequent market to do this, which shows the amount of price that can be disrupted from here.

First, there was the 2014 Paul market that saw Bitcoin’s collapse from $ 1,000 to $ 200, which is 80 % of the summit. Then again, in 2018, Bitcoin price will be disrupted From an increase of $ 20,000 to the lowest level in the bear market of $ 3,200, a price decrease by 84 %.

In the aftermath of the same trend, there was a significant decrease in the price after the price of Bitcoin reached $ 69,000 in 2021, before the collapse strongly in 2022 due to factors such as FTX collapse. Ultimately, the cryptocurrency will decrease about $ 16,000 before recovery, with a decrease in the price by approximately 80 %.

Using this trend, the encryption analyst expects that the price of bitcoin will be disrupted by a similar scale, but not before it reaches the highest new level exceeding $ 300,000. In the post, Alfred puts the top of the current Bitcoin to 312,000 dollars before there is a failure in the market.

Once this level is achieved, the next wave is It is expected to see the price drop back It reaches $ 75,000, which will be a decrease of 76 %. In addition, the analyst does not see that this happens in 2025, but it is expected that the accident will occur in 2026 instead.

In response to the post, another X user, Becky, bidder The price of bitcoin will not be able to reach $ 300,000, Noting the achieved fluctuations Show it is not possible. However, Alfred describes this as the fact that the achieved fluctuations are not fixed and did not expect precisely periods of high fluctuations before.

Distinctive image from Dall.e, Chart from TradingView.com

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