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HomeCryptocurrencyBitcoinBitcoin CRASH! Are Bitcoin prices headed lower than $30K?

Bitcoin CRASH! Are Bitcoin prices headed lower than $30K?



Rudy Fares

The cryptocurrency market is deeply in the red. Prices are crashing left and right, and crypto investors are panicking. The latest comments from Warren Buffet did indeed take effect on the crypto market. In fact, this is not the first time that the crypto market reacts to negative comments from the mainstream media. Now that Bitcoin fell below $40,000, where are prices headed towards? Will the Bitcoin Crash continue and bring BTC price below 30K? In this Bitcoin price prediction, we analyze the important areas of Bitcoin.

Bitcoin Price Prediction – Will Bitcoin reach $25,000?

The short answer is: not likely. Although the Bitcoin price has reached the first low target which is located at $36,400, this does not mean that the crash ended. We expect Bitcoin price to drop to $34,400 – $35,000 in the future. There is a stronger zone of support there. We should not expect lower prices than this. After the price has reached the support, we expect prices to rise again. Prices of around $44,000 are conceivable in the medium term.

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BTC/USD 1-day chart showing the downtrend of the Bitcoin crash
Fig.1 BTC/USD 1-day chart showing the downtrend of Bitcoin – TradingView

Which is doing Better: Bitcoin or Altcoins?

Bitcoin dominance was last rejected at the GoldenPocket of the recent down move, which is why we expect the dominance to continue falling steadily. Even today, when the crypto market has crashed, its dominance has decreased. As a result, the current downtrend could continue. As a result, altcoins could outperform Bitcoin prices in the near future, which is why one should keep an eye on altcoins.

As an example, TRON was seen recently soaring in prices while Bitcoin dipped more than 20%. Their newly announced algorithmic stablecoin made huge echoes in the crypto community, prompting prices to rise. Similar other opportunities can always be available in the market. Join CryptoTicker’s Discord channel to stay updated on the latest news 😉

Bitcoin dominance chart showing how BTC weakens against Altcoins
Fig.2 Bitcoin dominance chart showing how BTC weakens against Altcoins – TradingView


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