Will Bitcoin Recover or Crash to $40K Next? Analysts Can’t Agree
The post Will Bitcoin Recover or Crash to $40K Next? Analysts Can’t Agree appeared first on Coinpedia Fintech News
Bitcoin is climbing again, up over 7% this week. Whether that means the worst is over, or whether $40K is still ahead, depends entirely on who you ask. Right now, the market is deeply divided.
The Signal Bitcoin Bulls Are WatchingCrypto analyst Michaël van de Poppe flagged something significant today. Bitcoin has hit a key resistance level, and while he doesn’t expect an immediate breakout, he called the short-term trend switch “the most vital trend switch we see since 10/10 has taken place.”
October 10 was the last point the market staged a meaningful directional shift, and van de Poppe sees the current setup as equally significant.
He expects consolidation before any sustained move higher, noting that things take time and a build-up is required.
Why Some Analysts Are Calling for $40KNot everyone agrees.
Analyst @NoAlphaLimits issued a blunt warning: “$60K is NEXT. The bottom is $40-45K.”
His thesis is built on the Iran conflict’s ripple effects across global markets.
BITCOIN IS ABOUT TO FREEFALL TO $40K — AND NOBODY IS PREPARED 