Analyst: BTC price could fall further to $76,000
Svmuu News Bitcoin: Following a recent rebound, the price has encountered resistance at $95,000. Analyst Roman posted on X, stating that he still believes the BTC price will reach $76,000.He noted that the current consolidation is merely a reset ahead of a downtrend, with no signs of a reversal in sight, and that the higher time frames remain strongly bearish.Additionally, Keith Alan, co-founder of Material Indicators, stated that BTC’s first breakout attempt has been confirmed as a failure, and he is currently monitoring the technical support levels 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 rally as a selling opportunity. Furthermore, trader Daan Crypto Trades also believes the monthly lows are unlikely to hold and expects prices to break below these lows, setting the stage for a subsequent bottoming process. (Cointelegraph)
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