The bear market index says that the price of bitcoin is heading to collapse to $ 40,000, and here is when
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The price of bitcoin can be Take more painSince the encryption analyst has set a new indicator of the bear market, which indicates that the collapse to $ 40,000 is an imminent. The analyst predicted when this deep price is determined, which warns of investors to remain cautious or sell risks at a loss.
XANROX, Crusion Analyst in TradingView, Share, Bitcoin detailed price analysis On March 17, the prediction of the pioneering cryptocurrency to $ 40,000 by 2026. The analyst revealed that Bitcoin follows the predictable cycle style associated with it. Half eventsThat occurs every four years. During these years, the market alternates between bull markets, where prices rise, and bear markets, which are characterized by severe corrections.
The bear market index predicts the collapse of the next bitcoin price
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In each session, the Bitcoin price decreased after the bull market, which eventually witnesses a decrease between 77 % to 86 %. Thinking about this frequent trend, Xanrox expects a specialty Correct the price of bitcoin, And if it is the weakest of the previous sessions. The analyst believes that the cryptocurrency will collapse by 65 % to $ 40,000, noting the largest market value of The growing institutional adoption quickly.
Participated in a price plan that highlights the various sessions of half and the size of each gathering in the market in the market of Taurus and collapse in the market since the start of Bitcoin. This statistically referred, Bitcoin movements With a simple scheme that was always accurate, indicating that his prediction of 65 % was inevitable.
currently, Bitcoin’s great market value From 1.63 trillion dollars makes it unrealistic achieve the extreme growth necessary to reach a target of $ 300,000, $ 500,000, or even a million dollars, and some moon analysts expect. XANROX suggests this 2025 It may be a yearWith the start of the next Bitcoin Bull Run in 2026, after the bear market.
Cryptoquant says the BTC Bull has ended
Sharing a similar feeling about the current market, the founder of Cryptoquant and CEO (CEO), Ki Young Joe,, Declare The unfortunate end of Bitcoin bull course. JU revealed that the market must be expected from 6 to 12 months of the volatile price movement, indicating the beginning of the bear market.
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It also highlights that each scale on the Bitcoin series refers to the bear market, with a new Liquidity While new Whales sell BTC At a much lower price. Moreover, Bitcoin is trading at $ 82,549, which represents more than 20 % Price collapse Since its highest level ever, more than $ 109,000 this year.
Distinctive image from Unsplash, Chart from TradingView.com
