{"id":135443,"date":"2024-08-13T17:00:11","date_gmt":"2024-08-13T14:00:11","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=135443"},"modified":"2024-08-13T13:33:51","modified_gmt":"2024-08-13T10:33:51","slug":"bitcoin-at-a-crossroads-crash-ahead-or-major-surge","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-at-a-crossroads-crash-ahead-or-major-surge\/","title":{"rendered":"Bitcoin at a Crossroads: Crash Ahead or Major Surge?"},"content":{"rendered":"<p>Some analysts are warning of a potential significant downturn before <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a><\/strong> can advance toward new all-time highs (ATHs).<\/p>\n<p>Recent observations from crypto analyst Mikybull Crypto, shared on August 12, suggest that Bitcoin might experience a major drop similar to previous market cycles.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Here is further data on the Bitcoin dominance cycle top confirmation.<\/p>\n<p>The crash down will be as violent as it was after the cycle bottom signal.<a href=\"https:\/\/twitter.com\/hashtag\/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#Altcoins<\/a> <a href=\"https:\/\/t.co\/Wjj8hS2oDR\" target=\"_blank\" rel=\"nofollow\">https:\/\/t.co\/Wjj8hS2oDR<\/a> <a href=\"https:\/\/t.co\/qessQyQI92\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/qessQyQI92<\/a><\/p>\n<p>\u2014 Mikybull \ud83d\udc02Crypto (@MikybullCrypto) <a href=\"https:\/\/twitter.com\/MikybullCrypto\/status\/1822931531532304792?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">August 12, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Mikybull Crypto highlights that Bitcoin\u2019s recent dominance could signal a forthcoming severe decline, akin to past patterns.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<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 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/is-the-feds-rate-policy-the-key-to-bitcoins-next-big-move\/\" title=\"Is the Fed\u2019s Rate Policy the Key to Bitcoin\u2019s Next Big Move?\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/Bitcoin-Bull-Run-Alert-Psychology-History-Suggests-2017-Like-Surge-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Is the Fed\u2019s Rate Policy the Key to Bitcoin\u2019s Next Big Move?<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Despite these bearish predictions, Mikybull Crypto forecasts that Bitcoin could eventually surge to $95,000 and then $142,000, representing significant gains of 60% and 140% from its current value, though these levels might not be reached until 2025.<\/p>\n<p>Additionally, analyst TheMoonCarl has noted that Bitcoin faces crucial resistance levels. If these are overcome, Bitcoin might reach a target of $125,000, potentially as early as September, based on a \u2018cup and handle\u2019 pattern.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">This is a very Bullish Cup &amp; Handle on <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#Bitcoin<\/a>. If we break, target is $125,000 \ud83d\ude80 <a href=\"https:\/\/t.co\/E6nLb9OW6R\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/E6nLb9OW6R<\/a><\/p>\n<p>\u2014 The Moon (@TheMoonCarl) <a href=\"https:\/\/twitter.com\/TheMoonCarl\/status\/1822928579396591991?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">August 12, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Similarly, TheScalpingPro, also known as Mags, suggests that Bitcoin could be on the brink of a major parabolic rise, possibly reaching up to $180,000 before hitting a potential peak.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) is currently grappling with the challenge of breaking through and maintaining a level above $60,000.<\/p>\n","protected":false},"author":3,"featured_media":69646,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-135443","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin at a Crossroads: Crash Ahead or Major Surge?<\/title>\n<meta name=\"description\" content=\"Bitcoin (BTC) is currently grappling with the challenge of breaking through and maintaining a level above $60,000.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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