In an unexpected twist that could rival the great Dostoevsky himself, the price of Bitcoin recently tumbled below the figure of $90,000—a number once thought to be as steadfast as a Russian bear in winter. The crypto faithful, who had donned their rose-tinted glasses and anticipated a never-ending bull run, are now left gasping like fish out of water. Enter Alixjey, that prophetic seer of the TradingView realm, who foretells a far more catastrophic descent; a plunge to the depths of $63,000 could be imminent should the stubborn resistance maintain its grip like a babushka clutching her shawl.
According to Alixjey, for Bitcoin to ascend to the dizzy heights of $99,500, it must shake off this pesky resistance—akin to a cheeky cossack trying to avoid capture. Should it falter, we might witness the cryptocurrency’s spirit crushed beneath the weight of its own ambition as it careens toward the disheartening $63,000 mark.
Let us not forget the last time Bitcoin lingered in the $60,000 neighborhood; it was during the grand crescendo of its dramatic rally in 2024, spurred on by the arrival of Spot Bitcoin ETFs, much like the arrival of spring after a prolonged winter. And now, seeing Bitcoin ascend past $104,000 earlier this year, a fall into the abyss of $60,000 would undoubtedly send shockwaves of despair through the hearts of many a weary investor.
Hold Your Horses, Bitcoin Hats!
The astute analyst shared a chart imbued with the troubling potential that:
In the exuberance of surging prices, numerous retail investors likely found themselves pining for Bitcoin as they watched whales silently gobble up digital coins in quantities that would put even the greatest czar’s treasury to shame.
Alixjey, with the flair of a true visionary, characterizes his anticipated drop to the $60,000 – $65,000 range as a last-chance saloon for re-entering the Bitcoin arena—so grab that HODLing spirit and prepare for Q3 and Q4 of 2025, when profits might begin to bloom like tulips in April.
And lo, as we move forward, the TradingView sage has cast his discerning gaze upon the liquidity levels lurking within the four-hour timeframe, foreseeing a cleansing tide soon to come. He confesses a bearish outlook, stating firmly that only a break past the resistance between $94,000 and $98,000 might save us from the looming shadow of economic doom.
The saga continues, as the shadow of Non-Farm Payroll (NFP) data looms like an unwelcome guest at a wedding. Alixjey predicts this report might unleash chaos among stocks and cryptos alike—so hold onto your hats, dear investors, for major news can turn the tide faster than a dervish on a dance floor!
Analyst Predicts Bumpy Future After Bitcoin Falls Flat
With Bitcoin reeling from its recent drops, many have taken to the prophetic arts to unveil grim forecasts regarding the cryptocurrency’s future, envisioning a pricing apocalypse before its storied revival. Among them is Herbert Sim, the Chief Marketing Officer (CMO) of AICean, who sees Bitcoin plummeting to the dismal $40,000 mark due to the recent U.S. crypto reserve approval—drama reminiscent of a Tolstoy novel’s darkest twists.
Sim fervently predicts a brief yet devastating crash, insisting that those who possess the fortitude to HODL through thick and thin will eventually find themselves basking in the glow of triumph once Bitcoin rises from its snowy grave to reclaim its value.
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2025-03-08 02:13