Bitcoin Faces $12K Gap Risk, Could Drop to $77K or Surge to $120K
- Bitcoin faces a $12,000 void, making it vulnerable to potential price drops.
- Analysts predict a 17%-19% correction, filling the CME gap between $80K-$77K.
- Historical trends suggest Bitcoin may experience a -15% pullback in Week 7.
Bitcoin’s price has been experiencing significant fluctuations with analysts trying to figure out what might happen next. As of press time, Bitcoin (BTC) is sitting at $94,077.17. Ali Martinez, a popular on-chain analyst, says there’s a big $12,000 gap between $87,000 and $75,000. This means there’s not much support in that range, which could make Bitcoin vulnerable to more price drops.
Martinez thinks this could make Bitcoin’s price even more volatile. EGRAG CRYPTO agrees and has outlined two possible scenarios for the coming months.
Bitcoin: Correction or Surge Ahead?
According to EGRAG CRYPTO’s analysis, Bitcoin could either face a correction or surge to higher levels. The first scenario is a possible 17%-19% fall, which would lik…
The post Bitcoin Faces $12K Gap Risk, Could Drop to $77K or Surge to $120K appeared first on Coin Edition.
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Bitcoin Faces $12K Gap Risk, Could Drop to $77K or Surge to $120K
- Bitcoin faces a $12,000 void, making it vulnerable to potential price drops.
- Analysts predict a 17%-19% correction, filling the CME gap between $80K-$77K.
- Historical trends suggest Bitcoin may experience a -15% pullback in Week 7.
Bitcoin’s price has been experiencing significant fluctuations with analysts trying to figure out what might happen next. As of press time, Bitcoin (BTC) is sitting at $94,077.17. Ali Martinez, a popular on-chain analyst, says there’s a big $12,000 gap between $87,000 and $75,000. This means there’s not much support in that range, which could make Bitcoin vulnerable to more price drops.
Martinez thinks this could make Bitcoin’s price even more volatile. EGRAG CRYPTO agrees and has outlined two possible scenarios for the coming months.
Bitcoin: Correction or Surge Ahead?
According to EGRAG CRYPTO’s analysis, Bitcoin could either face a correction or surge to higher levels. The first scenario is a possible 17%-19% fall, which would lik…
The post Bitcoin Faces $12K Gap Risk, Could Drop to $77K or Surge to $120K appeared first on Coin Edition.
Read More
Is Bitcoin’s Bull Run Confirmed? Not Until It Clears This $88k Hurdle