Un famoso trader prevede un possibile crollo di Bitcoin prima di un nuovo rally

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After surpassing its historic high above $100,000, Bitcoin (BTC) continues to make waves, with many wondering if there are still potential profits on the horizon. Some traders, however, predict that before another peak, a drop might occur first.

Here we have Peter Brandt, a well-known figure in the trading world, who has suggested that Bitcoin might experience a final “drop” or a period of consolidation before it continues its upward trend.

In his recent blog post dated January 12th, Brandt shared his analysis about the past performance of major cryptocurrencies, using terms like “pump”, “hump”, and “dump” to describe distinct phases.)

 

Specifically, a “pump” refers to a period where an asset experiences significant growth rapidly, such as the remarkable rise of Bitcoin from around $70,000 to over $100,000 towards the end of 2024, driven by strong buying and the Trump effect. In simpler terms, it’s when the value of an asset increases dramatically due to heavy purchases and other influential factors like the Trump effect.

Afterward comes the “hump” phase, where the rally slows down and encounters resistances, as we saw with the December plateau of Bitcoin, which pushed the cryptocurrency to consolidate around the $95,000 level.

Following a strong rise, the market faces resistance points, like what happened during December’s plateau with Bitcoin, causing it to stabilize near the $95,000 price point.

Eventually, the term “dump” refers to a correction in a downtrend, often caused by profit-taking or loss of momentum. In this context, Brandt suggests that if Bitcoin fails to hold its key support, it may drop down to around $73,018.

Brandt has examined the trend of Bitcoin and observed a recurring pattern in markets: substantial price movements often occur when retail traders become tired, marking a turning point before significant fluctuations in the asset’s price.

The question I’m posing is whether Bitcoin will experience another crash (or a prolonged phase of consolidation) before it surges. It was mentioned that, in general, markets don’t intensify until retail traders become exhausted.

Bitcoin potrebbe raggiungere i 140.000 dollari ?

Another well-known crypto analyst, Ali Martinez, has shared a similar forecast about Bitcoin. In his post on X, published on January 11th, the expert estimated that the asset could reach levels of up to $140,000 or suffer a significant drop to $67,000.

His predictions are based on two technical models observed in the 12-hour Bitcoin chart: a bullish pennant formation and the emergence of the head-and-shoulders pattern.

a bullish pattern called ‘pennant’, and another pattern known as ‘head-and-shoulders’.

 

This bull pennant formation occurs when Bitcoin experiences an upward rally, followed by a steady narrowing of its price range with the trend lines approaching each other. Typically, this pattern suggests that the asset may continue to rise.

Instead of the “head-and-shoulders” pattern, with a peak in the middle (the head) and two lower peaks on either side (the shoulders), suggests there might be an upcoming bearish reversal. Meanwhile, Bitcoin is holding steady around $95,000, a crucial moment to determine which direction it will move next.

Bitcoin: analisti divisi tra previsioni rialziste e rischi di un forte calo

The outlook for Bitcoin remains uncertain with contrasting scenarios among analysts. Some see a rosy future for the asset, predicting a doubling of its value by 2025. This optimism is partly fueled by the election of Donald Trump, who has pledged to turn the United States into a hub for cryptocurrencies.

For instance, Standard Chartered predicts that the value of Bitcoin could reach $200,000, driven by increasing institutional investor interest.

Analyst Gert van Lagen, however, goes even further with his prediction, aiming for a Bitcoin valued at $300,000 by March 30, 2025, based on the Elliott wave theory, which analyzes the recurring cycles of markets.

This version aims to simplify and make it easier to understand the original text while preserving its meaning.

Not everyone is optimistic about Bitcoin at the moment. Currently, Bitcoin is trading below the $100,000 mark, and some analysts like Alan Santana are concerned. They fear that if the asset continues to remain under this level, it could slide down to around $40,000.

In essence, if Trump supports the crypto sector, as he promised during his campaign, it’s likely that Bitcoin will experience further surges, driven by enthusiasm for a potentially clear regulatory framework, which could attract institutional investors.

Meanwhile, pressure grows for large companies to invest a portion of their reserves into Bitcoin as protection against inflation. Following Microsoft shareholders’ rejection of the idea, attention has shifted towards Meta (Facebook’s parent company).

An investor has indeed proposed channeling some of Facebook’s $72 billion in liquid reserves into Bitcoin. If this proposal is accepted, Facebook (renamed Meta) could become one of the first major traditional companies to hold Bitcoin. This move could significantly boost the price of this asset.

Analisi del prezzo di Bitcoin

Currently, Bitcoin is trading at the level of $93,026 with a drop of 1.28% over the past 24 hours. Across all charts, it’s in the red. Over the last seven days, it has seen a loss of 6.26%, and in the course of this month, it has dropped by 8.58%.

Bitcoin si consolida mentre gli investitori puntano su nuovi progetti in prevendita

While Bitcoin maintains its position around $93,000, with bulls and bears ready to contest the next move, investors are also looking at new projects on the horizon that could provide growth opportunities amid market fluctuations.

One of these is Wall Street Pepe (WEPE). This project launched its presale at the beginning of December and surpassed expectations, raising over 47 million dollars.

$WEPE isn’t just a meme coin, but a project with a real use case. Token holders gain access to an exclusive community known as the $WEPE Army, and unique resources such as advanced trading strategies, alpha signals, and weekly competitions. It’s all designed to help investors navigate the crypto market more effectively and maximize opportunities.

The WEPE community grows stronger every day, thanks to the mutual support among its members, who encourage and help each other in pursuit of success.

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2025-01-13 15:23