Bitcoin Price Outlook: Analysts Remain Bullish Despite Market Struggles
Crypto analysts BitQuant and Kevin Capital maintain a bullish outlook on Bitcoin despite recent price struggles, asserting that the market has not yet reached its peak. They advise patience among investors as they await critical macroeconomic developments that may influence the cryptocurrency market’s trajectory.
Despite recent difficulties in Bitcoin’s price, crypto analyst BitQuant has expressed a bullish perspective, disputing claims that the market has reached its peak. He asserted that he would indicate when the actual peak is observed in the market. BitQuant emphasized that the current panic is premature since the classical top structure has not yet emerged during this cycle.
BitQuant acknowledged the prevailing bearish sentiment among some market participants, attributing it to a lack of exposure to a bull market phase. He posited that clear signals would become apparent when the real top is identified, predicting a 25% pullback that he would subsequently illustrate through a chart.
Complementing BitQuant’s viewpoint, analyst Kevin Capital also maintained that Bitcoin has not yet reached its ultimate price ceiling, while recognizing the existence of a significant correction phase in the market. He urged investors to remain patient and attentively observe macroeconomic data and monetary policy changes, which may influence the cryptocurrency market.
Kevin Capital reported on the possibility of Bitcoin’s price retreating to the $70,000 range if it fails to hold the pivotal $81,000 mark. He noted that a decline could target approximately $70,000 to $73,000, should the $81,000 threshold collapse. This scenario may manifest based on various upcoming macroeconomic indicators.
Capital highlighted the influence of additional macro factors, including potential impacts from Donald Trump’s tariffs and adjustments in the labor market data. He stated that changes in the US Treasury’s run-off would also play a crucial role in shaping market sentiment, although anticipating immediate effects remains uncertain.
As of the latest updates, Bitcoin is trading around $82,000, experiencing a decline of nearly 2% over the past 24 hours, with this data sourced from CoinMarketCap.
In summary, crypto analysts continue to hold a bullish outlook on Bitcoin, despite its current price challenges. BitQuant and Kevin Capital agree that the market has not yet reached its final peak, and they urge patience among investors as key macroeconomic factors unfold. The potential for significant price corrections remains, with analysts closely monitoring critical price levels to determine future movements in Bitcoin’s value.
Original Source: www.newsbtc.com
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