Bitcoin Price To Dip Below $50k, Analysts Warn of a \'Double-Top\' Pattern, Predicting a Possible Drop to $45,000

加剧的恐惧、不确定性和疑虑 (FUD) 导致市场波动和潜在的震荡。

Bitcoin price dropped back to levels last seen after the April halving, sparking fresh talks about what’s next for BTC. Currently struggling to break higher resistance, some analysts are eyeing a “double-top” formation, indicating a potential drop to $50,000. However, one crypto trader sees this as a sign we're close to a bottom.

Bitcoin price dropped back to levels last seen after the April halving, sparking fresh discussions for what’s next for BTC. The flagship digital asset has been trading sideways for the past few weeks after a strong rally from the June lows. Now, as BTC price fails to break through immediate resistance, some analysts believe a double-top formation could lead to a drop to $50,000. However, one well-known crypto trader believes this formation is a sign that the bottom is near.

Bitcoin price could drop to $**50,000 as liquidity dries up, suggests 10XResearch Fresh **analysis** from on-chain analytics firm 10XResearch highlights the critical phase Bitcoin is entering. Declining liquidity and growing market uncertainty are putting pressure on BTC **price**. However, the firm’s **analysis** presents a concerning possibility, as Bitcoin’s **price** could plummet to **$50,000 or even lower, with $45,000 as a plausible target. Analysts advise investors to be careful about a “double top” pattern, which often comes before a big price drop. The emergence of this pattern suggests that Bitcoin might have reached its highest point and could be in for a bigger fall soon. Moreover, the analysts also point out that as Bitcoin struggles, there’s less money being traded overall. And it’s not just Bitcoin; similar warnings about Ethereum and Solana have proven to be right recently, showing that it’s a cautious time for all digital assets.

Bitcoin price showing signs of 2016 bottom as FUD peaks: crypto trader Echoing a similar bearish stance, prominent crypto trader Jelle drew parallels between the current state of Bitcoin and its behavior during the 2016-2017 cycle. According to Jelle, Bitcoin is showing similar patterns of consolidation around previous cycle highs, suggesting a period of uncertainty and choppy price movement.

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