Bitcoin’s Wild Ride: Will It Crash or Soar? You Won’t Believe This!

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So, here we are. Titan of Crypto, the self-proclaimed oracle of all things Bitcoin, is throwing out a prediction that Bitcoin could drop below $60,000. I mean, really? What a shocker! This comes right after Trump decides to play the tariff game. Because, you know, nothing says “let’s invest in crypto” like a good ol’ trade war. 🙄

Bitcoin Price Could Drop Below $60,000 If It Fails To Hold This Level

In a post on X—because who needs Twitter anymore?—Titan warns that if Bitcoin doesn’t hold above $81,872, we might as well start looking for a new hobby. He insists BTC has to stay above the 50-week Exponential Moving Average (whatever that means) and keep the weekly RSI above some imaginary line. Sounds easy, right? 😏

He’s saying that if Bitcoin can’t manage to hold its ground, we could see it plummet to $58,500. I mean, who doesn’t love a good rollercoaster ride? 🎢

And let’s not forget, this gloomy forecast comes right after Trump’s announcement of those reciprocal tariffs. Because nothing screams “let’s invest” like a global trade war heating up. Bitcoin has already dropped from a high of $88,000, and now it’s flirting with the $80,000 mark like it’s a bad date. 😬

But wait! There’s hope! Titan thinks Bitcoin might bounce back. He’s talking about a Falling Wedge pattern—sounds like something you’d find in a yoga class, right? He believes that in a couple of months, inflation might cool off, and we could see a “strong” BTC bounce by May. Fingers crossed! 🤞

Meanwhile, the macro fundamentals are still playing a game of tug-of-war with Bitcoin’s price. A CoinGape analysis is keeping an eye on the Nonfarm Payrolls report and Jerome Powell’s speeches. Because nothing says “let’s get rich” like watching economic reports. 📈

Bullish Scenario For BTC

Despite the doom and gloom, some analysts are still holding onto their rose-colored glasses. Crypto Caesar thinks Bitcoin could rally to $120,000. Sure, why not? Let’s just throw out numbers like confetti! 🎉

And then there’s Trader Tradigrade, who believes Bitcoin is ready for a final surge. He claims that whenever BTC’s RSI breaks the ascending triangle, we’re off to the races! His chart suggests Bitcoin could hit $650,000 next year. I mean, at this point, why not? Let’s just aim for the moon! 🌕

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2025-04-03 20:38