{"id":665036,"date":"2024-12-19T17:30:20","date_gmt":"2024-12-19T17:30:20","guid":{"rendered":"https:\/\/ktsl888.com\/?p=665036"},"modified":"2024-12-19T12:08:29","modified_gmt":"2024-12-19T12:08:29","slug":"bitcoin-price-crash-below-100000","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-price-crash-below-100000\/","title":{"rendered":"Bitcoin Price Crash Below $100,000 Not The End As Analyst Predicts Another 52% Jump"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The Bitcoin price action in the past 24 hours saw it breaking below the $100,000 price mark again very briefly before breaking above it again. Particularly, Bitcoin&#8217;s price action in the past 24 hours has been between $98,839.87 and $105,306, highlighting the potential corrections that could occur as the cryptocurrency continues to edge upwards.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">This fluctuation comes amid a <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-surges-to-a-new-all-time-high\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">broader bull market cycle <\/span><\/a><span style=\"font-weight: 400\">that analysts like CryptoCon suggest is far from over.<\/span><\/p>\n<h2>Bitcoin Crash Below $100,000 Not The End<\/h2>\n<p><span style=\"font-weight: 400\">Crypto analyst CryptoCon has been a consistent voice in tracking Bitcoin\u2019s movements using Fibonacci extensions during the current market cycle. <\/span><a href=\"https:\/\/x.com\/cryptocon_\/status\/21179380?s=46\" rel=\"nofollow\"><span style=\"font-weight: 400\">Back in August,<\/span><\/a><span style=\"font-weight: 400\"> when Bitcoin was hovering around $60,000, CryptoCon projected a surge to $109,236 by December. This prediction was based on the 0.618 Fibonacci extension and eventually played out with remarkable accuracy.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/cardano\/cardano-price-eyes-recovery-2\/\">Cardano Price Eyes Recovery Toward $2 As Million-Dollar Whale Transactions Explode On The Network<\/a><\/div>\n<p><span style=\"font-weight: 400\">Since first breaking above the $100,000 mark on December 5, this price point has proven to be a psychological barrier and there have been <\/span><a href=\"https:\/\/bitcoinist.com\/whos-selling-bitcoin-above-100000-profit-takers\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">multiple retests since then<\/span><\/a><span style=\"font-weight: 400\">. Despite this back and forth, Bitcoin enthusiasts remain strongly optimistic, and the Crypto Feat And Greed Index remains in Extreme Greed. As such, the correction in the past 24 hours is viewed by CryptoCon as a minor event in a larger narrative.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to the analyst, Bitcoin\u2019s rise to $109,000 marked <\/span><a href=\"https:\/\/bitcoinist.com\/expert-foresees-a-110000-price-target-for-bitcoin\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">just one step<\/span><\/a><span style=\"font-weight: 400\"> in its ongoing journey. The analyst emphasized that corrections, while inevitable, are becoming less significant in the context of the increasingly well-established bull market.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cCorrections are an afterthought. That doesn&#8217;t mean they won&#8217;t come, it just means they&#8217;re not important,\u201d CryptoCon <\/span><a href=\"https:\/\/x.com\/cryptocon_\/status\/29019937?s=46\" rel=\"nofollow\"><span style=\"font-weight: 400\">said regarding corrections<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<figure id=\"attachment_665054\" aria-describedby=\"caption-attachment-665054\" style=\"width: 460px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-665054\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin-price-3.jpg?w=460&#038;resize=460%2C243\" alt=\"Bitcoin price\" width=\"460\" height=\"243\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin-price-3.jpg?w=512 512w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin-price-3.jpg?w=460 460w\" sizes=\"auto, (max-width: 460px) 100vw, 460px\"><figcaption id=\"caption-attachment-665054\" class=\"wp-caption-text\">Source: X<\/figcaption><\/figure>\n<h2>The Next Target: $166,000 By February 2025<\/h2>\n<p><span style=\"font-weight: 400\">Looking ahead, CryptoCon has turned attention toward the 5.618 Fibonacci extension as the next key milestone in Bitcoin&#8217;s ongoing bull market. This <\/span><a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-could-peak-between-160000-and-290000-if-these-historical-patterns-repeat-report\/\"><span style=\"font-weight: 400\">projection aligns closely <\/span><\/a><span style=\"font-weight: 400\">with a price target of approximately $162,000. According to the analyst, this ambitious target could materialize as soon as February 2025, given Bitcoin&#8217;s current rate of price growth.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/fantom\/fantom-breakout-above-1-trend\/\">Analyst Who Correctly Predicted The Fantom Breakout Above $1 Reveals What\u2019s Next In The Parabolic Trend<\/a><\/div>\n<p><span style=\"font-weight: 400\">At present, Bitcoin is trading at $101,600. For the cryptocurrency to reach the $162,000 level, it would need to register another 60% increase from its current price point.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">CryptoCon does not see the February 2025 target as the conclusion of Bitcoin&#8217;s bull run. In fact, the prediction is accompanied by a detailed multi-year chart outlining Bitcoin\u2019s consistent upward trajectory since November 2023. This chart highlights a pattern of steady 52% gains before encountering resistance at Fibonacci extension levels. The path to $162,000 is viewed as one of some price targets before notable corrections.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Interestingly, the analysis also hints at an even loftier price target tied to the 6.618 Fibonacci extension level. If Bitcoin were to reach this extreme milestone, it would translate to a <\/span><a href=\"https:\/\/ktsl888.com\/bitcoin-news\/bitcoin-may-surge-to-200000-by-mid-2025-amid-mild-price-pullbacks-report\/\"><span style=\"font-weight: 400\">price of around $254,100.<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400\">For now, Bitcoin appears ready for a steady continued growth above $100,000, with corrections in between.<\/span><\/p>\n<figure style=\"width: 3286px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/VVlq5KDO\/\" alt=\"Bitcoin price chart from Tradingview.com\" width=\"3286\" height=\"1518\"><figcaption class=\"wp-caption-text\">BTC price still holding above $100,000 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">BTCUSD on Tradingview.com<\/a><\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\">Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Bitcoin price action in the past 24 hours saw it breaking below the $100,000 price mark again very briefly before breaking above it again. Particularly, Bitcoin&#8217;s price action in the past 24 hours has been between $98,839.87 and $105,306, highlighting the potential corrections that could occur as the cryptocurrency continues to edge upwards.\u00a0 This fluctuation comes amid a broader bull market cycle that analysts like CryptoCon suggest is far from over. Bitcoin Crash Below $100,000 Not The End Crypto analyst CryptoCon has been a consistent voice in tracking Bitcoin\u2019s movements using Fibonacci extensions during the current market cycle. Back in August, when Bitcoin was hovering around $60,000, CryptoCon projected a surge to $109,236 by December. This prediction was based on the 0.618 Fibonacci extension and eventually played out with remarkable accuracy. Related Reading: Cardano Price Eyes Recovery Toward $2 As Million-Dollar Whale Transactions Explode On The Network Since first breaking above the $100,000 mark on December 5, this price point has proven to be a psychological barrier and there have been multiple retests since then. Despite this back and forth, Bitcoin enthusiasts remain strongly optimistic, and the Crypto Feat And Greed Index remains in Extreme Greed. As such, the correction in the past 24 hours is viewed by CryptoCon as a minor event in a larger narrative. According to the analyst, Bitcoin\u2019s rise to $109,000 marked just one step in its ongoing journey. The analyst emphasized that corrections, while inevitable, are becoming less significant in the context of the increasingly well-established bull market. \u201cCorrections are an afterthought. That doesn&#8217;t mean they won&#8217;t come, it just means they&#8217;re not important,\u201d CryptoCon said regarding corrections. The Next Target: $166,000 By February 2025 Looking ahead, CryptoCon has turned attention toward the 5.618 Fibonacci extension as the next key milestone in Bitcoin&#8217;s ongoing bull market. This projection aligns closely with a price target of approximately $162,000. According to the analyst, this ambitious target could materialize as soon as February 2025, given Bitcoin&#8217;s current rate of price growth.\u00a0 Related Reading: Analyst Who Correctly Predicted The Fantom Breakout Above $1 Reveals What\u2019s Next In The Parabolic Trend At present, Bitcoin is trading at $101,600. For the cryptocurrency to reach the $162,000 level, it would need to register another 60% increase from its current price point.\u00a0 CryptoCon does not see the February 2025 target as the conclusion of Bitcoin&#8217;s bull run. In fact, the prediction is accompanied by a detailed multi-year chart outlining Bitcoin\u2019s consistent upward trajectory since November 2023. This chart highlights a pattern of steady 52% gains before encountering resistance at Fibonacci extension levels. The path to $162,000 is viewed as one of some price targets before notable corrections.\u00a0 Interestingly, the analysis also hints at an even loftier price target tied to the 6.618 Fibonacci extension level. If Bitcoin were to reach this extreme milestone, it would translate to a price of around $254,100. For now, Bitcoin appears ready for a steady continued growth above $100,000, with corrections in between. Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":661007,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651],"tags":[167,428,656,679,1119,89185,1122,1144,78790,6664,26263,14690],"class_list":["post-665036","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-analyst","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-crypto","tag-crypto-analyst","tag-crypto-news"],"acf":[],"yoast_head":"\n<title>Bitcoin Price Crash Below $100,000 Not The End As Analyst Predicts Another 52% Jump<\/title>\n<meta name=\"description\" content=\"The Bitcoin price action in the past 24 hours saw it breaking below the $100,000 price mark again very 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