Participants in the crypto community worsened the forecast for bitcoin. Many people believe that BTC drawing in September will be deeper than previously expected levels.
We tell you what forecast of Bitcoin is given by representatives of the crypto industry and why participants in the crypto community see the prospects of a deeper drawing of the BTC course.
A popular in the crypto community, the analyst Doctor Profit worsened his forecast of bitcoin. Previously, he involved the descent of cryptocurrencies to the range of $ 90 thousand- $ 95 thousand. Near the height indicated by him, the GEP on CME is visible. The term is called the gap between the price of the completion of trading on Friday and began trading on Monday in the futures market. Often such gaps serve as a point of attraction for the course of cryptocurrency. After the “closure” of the price gap, as the observations show, the coin can continue to grow.
In new circumstances, the analyst is sure, $ 90 thousand will not become the final point of the fall. Now the Doctor Profit is waiting for a decrease in bitcoin to lower levels. At the same time, to where exactly, in his opinion, BTC could collapse, he did not specify.
Earlier in his X, the analyst drew attention to the growth of the number of insider transactions, most of which are aimed at selling cryptocurrencies. According to his observations, market participants continue to actively fix profit, which exerts serious pressure on the BTC course.
As of September 5, I am sure the Doctor Profit, there is no reason to hope that the situation will change in the near future.
Jacob King, Swandesk CEO, called another reason for the possible pressure on BTC. He drew attention to the upcoming employment report in the United States. According to his observations, the results can be negative. In this case, the chances of lowering the key interest rate of the Fed in September will fall. For crypts, such a scenario is negative.
The continuation of the Bitcoin fall is also waiting for the Northstar trader. He drew attention to the ratio of BTC to gold (BTC/Gold Ratio) and the connection of this indicator with subsequent falls of bitcoin prices. This is what the author noted:
- When the line (BTC/Gold) pierced support down, in the past this was accompanied by serious Bitcoin corrections.
- There are several such points on the diagram: a drop of 18%, 30%, 27%and one large collapse by 77%.
- A similar signal is now observed again.
The trader is sure that this time BTC risks cheaper.
The Great Martis trader agreed with colleagues. According to his observations, the BTC has already passed the maximum and now stands on the threshold of cryptosims, which in 2026 will bring it to levels cheaper than $ 35,000. He reminded the market participants that each time the BTC maximum was updated, about 80%. This time, according to the trader, the story will be repeated.
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Source: Cryptocurrency
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