First Bitcoin to be Ethereum (ETH) While altcoins and altcoins are generally in a downward trend, many analysts think that these declines may deepen further.
At this point, the cryptocurrency analyst known as Crypto Tony on social platforms argued that Bitcoin may fall a little more before rising.
Accordingly, the analyst He claimed that Bitcoin could drop to $38,000 before the halving event, which is expected to take place in April 2024.
“I am currently expecting $38,000 in Bitcoin as we head towards the halving in April.”
Bring me $38,000 at once, written in the stars pic.twitter.com/qOcJ2ZqBT2
— Crypto Tony (@CryptoTony__) January 22, 2024
In addition, the analyst stated that there are two decline targets in Bitcoin. He announced $38,000 and $31,000.
Although the analyst expects a decline in BTC before the halving, he maintains his expectation of an increase in the long term.
Because the analyst said that there will be a new development in BTC this year. ATH He stated that he expected Bitcoin to reach a minimum of $80,000.
“I expect the maximum peak of this cycle:
ETH reaches minimum $8,000
BTC reaching minimum $80,000But these are just guesses.”
The maximum peak of this cycle I do expect:$ETH to hit minimum $8,000$BTC to hit minimum $80,000
Guesstimates
— Crypto Tony (@CryptoTony__) January 21, 2024
*This is not investment advice.
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