{"id":145861,"date":"2025-01-01T16:14:32","date_gmt":"2025-01-01T14:14:32","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=145861"},"modified":"2025-01-01T16:14:32","modified_gmt":"2025-01-01T14:14:32","slug":"bitcoin-faces-potential-plunge-below-80k-analyst-warns-of-altcoin-impact","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-faces-potential-plunge-below-80k-analyst-warns-of-altcoin-impact\/","title":{"rendered":"Bitcoin Faces Potential Plunge Below $80K, Analyst Warns of Altcoin Impact"},"content":{"rendered":"<p>Nicholas Merten, the crypto expert behind the channel, <strong><a href=\"https:\/\/youtu.be\/xrkCOt8aWzE\" target=\"_blank\" rel=\"nofollow\">expressed<\/a> <\/strong>concerns that <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin\u2019s current price<\/a><\/strong> activity\u2014hovering around $94,000\u2014indicates the potential for a sharp decline within the next two weeks. He highlighted broader warning signs, such as weakening altcoin performance and troubling economic indicators, which he believes point to a looming downturn.<\/p>\n<p>A key focus of his analysis is the 21-day exponential moving average (EMA). Merten pointed out that this metric, which previously served as a support level for Bitcoin, now appears to be acting as resistance. This shift has led him to forecast that Bitcoin could dip below the $80,000 threshold.<\/p>\n<p>Merten outlined his expectations for where Bitcoin might find support, explaining that the next critical levels to watch are the 100-day EMA, positioned near $85,000, and the 200-day EMA, which sits closer to $76,000. Should Bitcoin fail to hold at the higher level, he predicts a more severe drop to the lower EMA.<\/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\/top-10-biggest-crypto-stories-of-2024\/\" title=\"Top 10 Biggest Crypto Stories of 2024\">\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-bulls-9-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Top 10 Biggest Crypto Stories of 2024<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>He also warned of the ripple effect this could have on altcoins, describing the potential for a 25% to 30% market-wide pullback. While Merten emphasized that such a correction wouldn\u2019t spell disaster for the crypto market, he acknowledged that it could result in significant challenges, particularly for altcoin investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The DataDash YouTube chanel has shared a cautious outlook for Bitcoin, suggesting that the leading cryptocurrency might face a significant downturn in the near future.<\/p>\n","protected":false},"author":9,"featured_media":145569,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24,27],"tags":[72],"class_list":["post-145861","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","category-bitcoin","tag-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ 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