{"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":"
Nicholas Merten, the crypto expert behind the channel, expressed<\/a> <\/strong>concerns that 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 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 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>