Analyst: BTC price could fall further to $76,000
Svmuu News: Bitcoin encountered resistance at $95,000 after its recent rebound. Analyst Roman posted on X that he still believes the BTC price will reach $76,000. He stated that the current sideways consolidation is merely a reset for a decline, seeing no signs of reversal, and the higher time frames remain very bearish. Additionally, Keith Alan, co-founder of Material Indicators, said that BTC's first breakout attempt has been confirmed as a failure, and attention is now on the technical support level in the $87,500 to $89,000 range. With a macro death cross forming on the weekly chart later this month, he views any subsequent rallies as selling opportunities. Furthermore, trader Daan Crypto Trades also believes that the monthly lows are unlikely to hold and leans towards prices breaking below these lows to create conditions for subsequent bottoming. (Cointelegraph)
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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