Популарен аналитичар предвидува дека цената на биткоинот (BTC) може да падне под 15,000 долари

Bitcoin (BTC) price tumbled nearly 8% in the last 24 hours as the U.S. dollar index continues to move above 110, making the crypto and equities markets weak ahead of the ФЕД‘s FOMC meeting on September 20-21. Popular crypto analyst Rekt Capital predicts BTC price could fall below $13,900, and to $11,500 in an extreme scenario.

Historical Data Indicates Bitcoin (BTC) Price Can Fall Further

In the monthly timeframe, the Bitcoin price is currently struggling to surpass the $20,000 level, showing a weakness. The $20,000-$23,350 range will mostly decide bears and бикови here. The price movements in July and August indicate the difference in the buy-side pressure, with $20,000 as support.

Сепак, price movement in September has been so weak and suggests $20,000 is now turning into a resistance level. If the month ends with Bitcoin (BTC) price below the $20,000 level, the next support levels are $17,165 and $13,900.

Historically, the Bitcoin (BTC) price forms a bottom at or below the 200-weekly moving average (WMA) after a Death Cross. The post-Death Cross retracements have been in the range of -42% to -73%.

Therefore, considering the historical post-Death Cross retracements and support levels, the Bitcoin price to bottom at around $13,900. In the extreme scenario, the BTC price to bottom at $11,500.

As the BTC price is already below the 200-WMA and psychological level of $20,000, the downside seems most likely. However, there is a massive difference in market cap size, liquidity, and institutional and retail adoption of Bitcoin now as compared to earlier times.

Bitcoin bottomed 547 days before the Bitcoin преполовува во 2015 и 517 days before the Bitcoin Halving in 2018. Therefore, if Bitcoin is going to bottom 517-547 days before the upcoming April 2024 Halving, then the bottom will occur in Q4 this year.

Macros Impacting BTC Price

И покрај а growing number of new daily addresses, the Bitcoin price continues to dive below $20,000.

The Bitcoin (BTC) price will mostly depend on the Fed rate hike on September 21. Wall Street experts such as Goldman Sachs predict a 75 bps rate hike in September and 50 bps rate hikes in November and December. According to the CME FedWatch Алатка, веројатноста за зголемување на стапката од 75 bps е 80%.

Currently, the BTC price is trading above the $19,000 level after recovering nearly 4% from the 24-hour bottom at $18,390. If the U.S. dollar index remains near 110, the BTC price will be under pressure.

Вариндер е технички писател и уредник, ентузијаст за технологија и аналитички мислител. Фасциниран од непушачите технологии, тој го сподели своето знаење за блокчејн, криптовалути, вештачка интелигенција и Интернет на нештата. Тој е поврзан со блокчејн и индустријата за криптовалути значителен период и моментално ги покрива сите најнови ажурирања и случувања во крипто индустријата.

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