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Bitcoin Crash Is Coming: Pundit Says It’s Time To Sell All Your BTC
TL;DR
A crypto analyst warns that Bitcoin may face a significant price crash, advising investors to sell before it drops from the current $40,000 range. The analyst believes the bear market is not over and that recent price rallies were merely bull traps.
Key points
- Crypto analyst warns of an impending Bitcoin price crash
- Investors advised to sell Bitcoin before further declines
- Recent rally above $79,000 seen as a bull trap
Mentioned in this story
Orbion
A crypto analyst is sounding the alarm about Bitcoin (BTC), warning investors to sell their coins before the next price crash. According to the market expert, Bitcoin could be preparing for another major correction, but this time, it’s in the $40,000 range. Contrary to the widespread belief that Bitcoin has entered a new bull market, this analyst argues that the bear market is far from over and that it will end only after BTC hits its final cycle bottom.
Analyst Warns Investors To Sell Bitcoin Now
Orbion, a crypto market, has warned members of the Bitcoin community to consider exiting their positions immediately, predicting another major price crash ahead. He pointed to Bitcoin’s recent rally above $79,000, describing it as a bull trap that briefly attracted buyers before the price reversed back to previous lows as selling pressure increased.
According to Orbion, the move to $79,000 marked the final bull trap of its bear market cycle. He argued that there is no more meaningful demand left at the top, suggesting that the Bitcoin price will likely continue struggling to sustain any further upside momentum from current levels.
Source: Chart from Orbion on X
Against this backdrop, the analyst is urging investors and holders to sell their coins to avoid losses. He believes that Bitcoin is now forming its final bear market bottom, which could trigger a drop toward the $40,000 region.
Q&A
What did the crypto analyst say about Bitcoin's price forecast?
The analyst predicts that Bitcoin is heading for another major price crash and advises investors to sell their holdings.
Why does the analyst believe Bitcoin's recent rally is a bull trap?
The analyst argues that the rally above $79,000 lacked meaningful demand and was followed by increased selling pressure, indicating a reversal.
What is the current price range for Bitcoin according to the analyst?
The analyst suggests that Bitcoin is currently in the $40,000 range and may struggle to maintain any upward momentum.
