{"id":132971,"date":"2024-07-12T13:00:46","date_gmt":"2024-07-12T10:00:46","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=132971"},"modified":"2024-07-12T12:27:15","modified_gmt":"2024-07-12T09:27:15","slug":"analyst-warns-bitcoin-could-crash-below-53000","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/analyst-warns-bitcoin-could-crash-below-53000\/","title":{"rendered":"Analyst Warns Bitcoin Could Crash Below $53,000"},"content":{"rendered":"<p>Bluntz suggests that <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin (BTC)<\/a><\/strong>\u00a0could fall below its recent five-month low of around $53,485.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">reee i dont like how that breakout yesterday got faded back into the range on <a href=\"https:\/\/twitter.com\/hashtag\/btc?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#btc<\/a><\/p>\n<p>thats never a good sign imo and looking the same as last weeks abc up aswell.<\/p>\n<p>good chance we sweep the lows again \ud83d\ude2e\u200d\ud83d\udca8 <a href=\"https:\/\/t.co\/sxrKFECwBV\" rel=\"nofollow\">pic.twitter.com\/sxrKFECwBV<\/a><\/p>\n<p>\u2014 Bluntz (@Bluntz_Capital) <a href=\"https:\/\/twitter.com\/Bluntz_Capital\/status\/1811224081892847996?ref_src=twsrc%5Etfw\" rel=\"nofollow\">July 11, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Bluntz observed that Bitcoin\u2019s recent retreat from near $60,000 is worrisome and resembles last week\u2019s pattern, which preceded a drop.<\/p>\n<p>Using the Elliott Wave theory, Bluntz predicts Bitcoin may decline below $53,000 after completing a corrective three-wave pattern.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-132960\" href=\"\" title=\"\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\"><\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>Bluntz is also bearish on <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">Ethereum (ETH)<\/a><\/strong>, forecasting it might dip below the $2,800 support level that has held for over five months. He anticipates a potential sell-off before any recovery, particularly in light of the anticipated approval of spot Ethereum ETFs in the US.<\/p>\n<p>Bluntz remarked that while many expect spot Ethereum ETFs to be highly bullish, the initial reaction might be a price drop before a significant recovery.<\/p>\n<p>At the time of writing, Bitcoin is priced at $57,160 after a 1.9% decline in the past 24 hours..<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A prominent analyst, known as Bluntz, is cautioning Bitcoin (BTC) investors after the cryptocurrency&#8217;s recent failed breakout.<\/p>\n","protected":false},"author":3,"featured_media":95083,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[72,271,108],"coin_category":[],"class_list":["post-132971","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-ethereum","tag-price"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Analyst Warns Bitcoin Could Crash Below $53,000<\/title>\n<meta name=\"description\" content=\"A prominent analyst, known as Bluntz, is cautioning Bitcoin (BTC) investors after the cryptocurrency&#039;s recent failed breakout.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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