Trader reveals a tremendous goal on the negative side of the bitcoin coin, and calls for a multi-famous BTC Bear market.
Bitcoin market earlier this year believes that BTC will witness a period of low prices in the coming months.
The pseudonym in Bontz, 318,000 of his followers on the social media platform X, tells that Bitcoin is in the bear market, which will last for about two years.
Trading Shares The graph, which indicates that it reached this time frame by measuring the length of the last Bitcoin Bull market, which he says continued from December 2022 to January 2025.
“It is possible that the time will continue in 2027 in my opinion, give or take 25 %.”
It is also expected that during the continuous declining direction period, Bitcoin may lose up to 55 % of its current value before reaching the bottom of the bear market.
When asked about the goal of its negative price for BTC, Blongz to replyand
“$ 36,000.”
At the time of this report, Bitcoin is traded for $ 80,296.
While Blontz is dirty on bitcoin, he is He says One precious metal is about to start the bull. Looking at the two -week fee of gold against silver (xuusd/xagusd), the analyst believes that the husband has printed a large level after the completion of the ABC gathering.
“It is time to pay attention to silver, in my opinion … finally.”
Bluntz practices the theory of Elliott Wave, which states that the upward origins tend to watch a five -waved direction after the ABC’s march ends. The golden gold scheme indicates that silver is about to outperform gold.
Last week, gold printed the highest new level ever at $ 3167 an ounce.
At the time of this report, silver is traded for $ 30 an ounce.
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