Bitcoin (BTC) may be at the edge of the important market step, as the encryption analyst warns of failure to do so It reaches its highest levels ever In the coming weeks it can lead to severe correction. While the long -term upscale emotions are still strong, immediate expectations depend on whether BTC can maintain ascending momentum and avoid a A harmful setback It can hinder or disrupt its current gathering.
Bitcoin faces a 50 % threat
A prominent encryption analyst, Tony Sevirino, has Release A blatant warning for bitcoin investors on social media X. It warns that failure to break the highest new level ever can provoke a A massive price collapseIt erases more than 50 % of the current value of BTC.
In his participation Elliott wave scheme analysisCevirino highlights the current position of Bitcoin within what appears to be an intermediate extensive wave 4 -wave correction. According to the structure, Bitcoin may approach the end of the wave, which usually precedes a sharp decrease in the C.
Severino’s analysis draws similarities between the current price behavior of BTC and the extended flat correction 2021-2022, which set the initial wave 4. Wild bear market.
It seems that a similar pattern develops in the structure of the current PTC. The graph highlights that the recent increase in the price of encoded currency can form the peak of a subject wave, which may soon be reflected in the C wave accident targeting the area of $ 60,000 or less. It represents a decline to this level Withdrawal 50 % Of the current levels, near $ 118,000.
It is worth noting that Severino’s warning does not stem from a declining condemnation, but rather cautious optimism. While maintaining strength The upcoming ups in the long term It is believed that Bitcoin still has The final wave 5 gather forwardThe analyst emphasizes the need for BTC to come out to a new ATH soon to nullify the expanded flat scenario.
In the event that the market fails to provide this upward step, the corrective structure can dominate and greatly delay the next upward leg. A possible incident can also be severely disrupted The long -awaited altcoin seasonThe momentum stopped through the broader encryption market.
The analyst determines the next Bitcoin goal
Bitcoin has ignited the new optimism over the past week after the most recent Increase the price above 123,000 dollars. Although returning to its current price is above $ 118,000, an expert in the market was determined as a “encryption professor” on X Expected The leading cryptocurrency is preparing for a new height at all.
The encryption professor has identified The next goal for Bitcoin At 129,948 dollars, coincided with the extension level of 1.618 Fibonacci. With BTC now at $ 118,612, this will represent a 9.6 % price increase. It is worth noting that the analyst’s scheme shows the previous monotheism areas about 110,000 dollars and 100,000 dollars, which corresponds to the levels of retreat in Fibonacci from 1 and 0.786. These levels are now working as possible support areas in case of re -testing.
Distinctive photo of Pixabay, Chart from TradingView.com
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