As a seasoned market analyst with over two decades of experience under my belt, I find Adrian Zduńczyk’s prediction intriguing and plausible. While the recent crypto market crash was indeed brutal, it is not unusual to see such corrections during a bull run.
Adrian Zduńczyk, a qualified market analyst, predicts that Bitcoin‘s price could experience another two drops of around 20% to 30% before it reaches its maximum of $225,000 during this bull run. This prediction implies that the recent decline was typical and indicates that the upward trend is expected to persist.
Expert Hints Bitcoin Price to Hit $225K After Two More Crashes
After a significant drop in value that forced the liquidation of billions, Bitcoin’s price increased by 7% on Saturday, reaching $98,859 from its low of $92,230 in December. This recovery suggests resilience after a severe crypto market downturn. Analyst Adrian Zduńczyk, who is well-known and certified, stated that about 80% of Bitcoin’s current bull run has passed. He also predicted that the price might experience two more drops of around 20% to 30% before reaching an all-time high of $225,000 during this ongoing bull cycle.
The expert predicts an optimistic outlook for the final 20% of the bull market, stating that a significant increase in alternative cryptocurrencies (altcoins) will occur after Bitcoin reaches its peak. However, this expert advises investors to secure their profits before the end of 2025.
Bitcoin Technical Analysis: What BTC Needs To Resume Uptrend
The price of Bitcoin plummeted by approximately 15% from its all-time high ($108,41.6) to currently trade at around $98,000. Examining the Volume Profile indicator between November 11 and December 11 reveals that a significant 68% of the trading volume is concentrated within the range spanning from the Value Area High ($100,000) to the Value Area Low ($90,915). It’s worth noting that this recent decline has returned Bitcoin back into the 68% volume profile range.
For a bullish Bitcoin price prediction, BTC bulls need to overcome two key barriers. The VAH at $100K is the first hurdle, followed by the daily imbalance, which extends from $102.7K to $105.3K.
If bitcoin sellers are still dominant, then the ongoing upward trend might encounter resistance around $100,000 or the mentioned daily imbalance (spanning from approximately 102,700 to 105,300 dollars). In this scenario, the price of bitcoin could resume its downward movement and potentially retest the lower range boundary or Value at $90,915.
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2024-12-21 14:23