| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107281.6800000000 |
| ETH | $2431.8940000000 |
| BNB | $648.8797500000 |
| XRP | $2.1874730000 |
| ADA | $0.5662577000 |
| SOL | $149.9951000000 |
| DOGE | $N/A |
| DOT | $3.3927000000 |
| LTC | $86.5464000000 |
| LINK | $13.3266600000 |
Category: CRYPTO NEWS
The post Analyst Flags Massive Bitcoin Price Crash to $74,000, Cites Onchain Metrics ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement     A crypto analyst hinted at a potential price decline if bearish factors remain in the market. As bulls lose steam, Bitcoin (BTC) traders have faced consistent sell pressure in the last 72 hours. This led to a free fall in Bitcoin and altcoin prices below multiple resistance. The crypto market leader trades at $97,752, falling 3% today and 5% in the last seven days. Experts Point Potential New Level Amid the present market conditions, crypto trader Ali Martinez says the $92,180 has become critical support for the BTC price. Whales threaten This mark by dumping assets and moving funds to centralized exchanges. Per the Market Value to Realized Value (MVRV) bands, $74,400 becomes the next target if the price fall continues. Furthermore, the indicator shows that Bitcoin and the broader crypto market have faced a negative impact since the start of the year. This weakness has dropped metrics below the points needed for an upward swing to the cycle peak. With experts’ caution warnings, traders project sideways until positive sentiments dominate macro markets. This year, Bitcoin’s price dropped below $100k during recurring dips that wiped out billions from the market. From its all-time high above $107K, the asset trades above $96K, recording dwindling support levels. It should be noted that the start of the year came with rising optimism following the outcome of the US Presidential elections and soaring institutional interests. Institutional investment has slowed further, plunging the asset’s price. Based on growing institutional demand, crypto traders marked a $150K bull point. Although present factors constitute a roadblock, the flipside effects could spur a higher price run above the 2024 level, where it hit multiple all-time highs. Advertisement   Funding Rates Threaten Price Climb While growth metrics emerge, certain factors limit its space, adding to macro effects on the…
2025-02-05T04:35:09+00:00