Bitcoin short-term trend opinions divided: some traders eye $84,000, but bear market risk still exists
Odaily Planet Daily reports that the crypto community is divided on Bitcoin’s short-term trend. Some analysts warn that the price could reach new lows, while others have targeted $84,000, including:
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Keith Alan, co-founder of Material Indicators, states that the BTC bottom has not yet appeared. The current priority is capital preservation. Keith Alan points out that the $69,000 high in 2021 is crucial in the current relief rally, although $60,000 was support yesterday, it is highly likely to fall to lower levels before the bull market returns.
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Rekt Capital believes that historical trends suggest BTC still has room to decline. After reaching a bull market peak in the fourth quarter following the halving, BTC often experiences several months of relief rallies, then breaks below the macro triangle bottom and enters an accelerated decline phase. Currently, this is the fourth consecutive cycle that fits this historical pattern.
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Analyst Michaël van de Poppe offers a different view, predicting that the market price will rebound to the CME gap, with the potential to continue rising next week to over $75,000.
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JAN3 CEO Samson Mow states that BTC will soon fill the CME futures gap at $84,000, and the ability of large corporations to buy BTC as a reserve asset is also noteworthy. (Cointelegraph)
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