Bitcoin price is set to ‘crash and produce one major low’
Although Bitcoin (BTC) is solidifying its position above the $60,000 support zone, a cryptocurrency analyst has warned that the maiden digital asset is headed for a significant downturn. Particularly, Bitcoin is likely to crash and form a major low in the coming months, a period that will possibly be marked by high volatility if it continues to trade below $70,000, Alan Santana noted in a TradingView post on September 25. Santana highlighted the technical challenges Bitcoin has faced since reaching an all-time high of $74,000 in March 2024. In early March, a powerful bearish signal emerged, with the highest daily bearish volume seen in years on March 5, foreshadowing the market’s downward trajectory. Picks for you Silver is in one of its ‘hottest bull markets of all time’ 3 hours ago ...