Analysts Warn Bitcoin Price Could Crash To $60,000 - Are Presales The Best Crypto To Buy Now?
Release: 2024/12/28 03:29 Reading: 650
Bitcoin Price Crash: Could It Drop to $60,000?
Crypto analysts are warning that Bitcoin's price could plummet to $60,000 in January. Currently, BTC is down over 11% from its all-time high of $108,000. The recent decline in global money supply suggests the crypto crash may not be over yet.
Some investors are turning to presale tokens, with projects like Wall Street Pepe gaining traction.
Bitcoin Price Crash: Is It Time to Sell BTC?
Mark Newton, Global Head of Technical Strategy at Fundstrat, predicts Bitcoin could drop to $60,000 in early 2025. Despite CEO Thomas Lee's belief that BTC will reach $250,000 in 2025, a dip to $60,000 is still possible.
Former Wall Street quant Tone Vays and trader Peter Brandt have also raised concerns about Bitcoin's range-bound movement near $95,000. They suggest a breakout below $92,000 could lead to a larger crash to $73,000.
NASDAQ Fractal Points to Potential $60,000 Crash
Benjamin Cowan of Into The Cryptoverse notes similarities between Bitcoin and NASDAQ. If BTC follows the QQQ fractal, a flash crash to $60,000 could occur around Donald Trump's inauguration on January 20th.
Holding the Line or Breaking Out
Analysts believe it's crucial for Bitcoin to hold the $92,000 - $93,800 range. A sustained close below it could trigger a crypto crash. Conversely, a breakout above $97,300 - and eventually $100,000 - could lead to new all-time highs.
Presale Tokens: A Safe Haven?
Crypto presales are gaining popularity as uncertainty lingers around Bitcoin and altcoins. Experts believe ICOs could make a comeback in 2025 due to improved regulatory clarity.
Wall Street Pepe (WEPE)
Wall Street Pepe has emerged as a highly-anticipated presale token, raising nearly $37 million. Its exclusive trading alpha group, open to all WEPE holders, is a key attraction.
Smart money investors are bullish on frog meme coins like Pepe, predicting it could reach $50 billion in 2025. Wall Street Pepe's presale staking pool also offers a reward rate of 35%.
Disclaimer: This article contains sponsored content and is intended for informational purposes only. It does not constitute legal, tax, investment, or financial advice.
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