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While Bitcoin, BTC, remains bound within the $90,000-$100,000 price bracket, some crypto analysts forecast that a correction could take place soon because a 'head and shoulders' formation is seen on the daily chart. Head and Shoulders: Can Bitcoin Drop to $80,000? Aksel Kibar, a seasoned analyst and trader, came forward on X to project some thoughts on the latest price action of BTC. On his post, this chartered market technician pointed out that he may see a head and shoulders formation on the daily BTC chart that could drop as low as $80,000. bitcoin kibar He explained that the pullback could see BTC's price head toward the broadening pattern that completed with a breakout above $73,600. Kibar, however, was keen to note that for a significant pullback in the BTC price, the head and shoulders pattern needs to paint up fully. He said: It is not sufficient to just witness it. It needs to materialize with a breach below the neckline. There exist many cases of failed head and shoulders tops especially in steady uptrends well above the year-long average. Other crypto analysts have also shared related bearish outlooks for Bitcoin's price. For instance, technical analyst Ali Martinez identified $92,730 as the critical price for the top cryptocurrency. According to Martinez, losing the level could plunge the BTC into "free fall territory, based on UTXO Realized Price Distribution (URPD). URPD stands for Unspent Output, price, and date-a metric that reflects Bitcoin's Unspent Transaction Outputs into a distribution across the wide range of price levels when they were last timestamped and moved. Simply explained, it helps pinpoint areas where large-scale BTC accumulation or spending has occurred in various price ranges as an indicator of investor behavior and sentiment. Elsewhere, former Wall Street derivatives trader Tone Vays also warned that BTC trading below the $95,000 price level would be "very, very bad" for the flagship digital asset. Similarly, veteran trader Peter Brandt recently warned of the possibility of BTC breaking down from a 'broadening triangle' formation, falling all the way to the $70,000 level. bitcoin brandt While some analysts are predicting a possible price correction, others are still optimistic of the long-term outlook of Bitcoin. Thomas Lee, an analyst at Fundstrat Capital, estimated that BTC could surge as high as $250,000 by 2025. He allowed, though, that a short-term correction to $60,000 might be possible early next year before Bitcoin embarks on a historic bull run. The Long-Term Bullish Case For BTC Though some analysts do believe that BTC is staring at a looming price correction, the long-term price predictions remain very positive. For instance, Crypto asset manager Sygnum believes that BTC might witness 'demand shocks' on the back of strong institutional interest in the digital asset that could push its price much higher. Earlier this month, Ali Martinez pointed out that a 'cup and handle' pattern might be forming on the chart of BTC. This may trigger additional upside momentum in the asset if it were to be actualized. At the time of writing, BTC changes hands at $94,149, down 2.5% in the last 24 hours. $BTC

Congratulations for $PHA BOLD Huge Profitable call who's Picked up on the spot .. and now Almost get 5x profit .. It means if you invest 100 now you are with $500 profit .. How Many of my family members get $PHA call on time..?? $PHA /USDT: Skyrocketing Gains with No Signs of Slowing. $PHA /USDT has witnessed an astonishing rally, soaring to $0.5900 with an incredible 75.80% surge in the last 24 hours. The coin has broken past its critical resistance levels, fueled by immense buying pressure and high trading volume of over 755.87M $PHA . This explosive movement is part of a sustained uptrend, as reflected in its 7-day performance of 379.58% gains, signaling strong bullish sentiment. With $PHA reaching a 24-hour high of $0.5900, further breakout opportunities remain possible if momentum persists. Traders should keep an eye on $0.6141 as the next resistance, while $0.4378 acts as immediate support. A pullback toward $0.4378 could attract buyers for another leg up, while breaching the highs could open doors to even more significant price action. $PHA is clearly the hot coin of the day, and its rally is not one to miss. #PHA

Congratulations for $PHA BOLD Huge Profitable call who's Picked up on the spot .. and now Almost get 5x profit .. It means if you invest 100 now you are with $500 profit .. How Many of my family members get $PHA call on time..?? $PHA /USDT: Skyrocketing Gains with No Signs of Slowing. $PHA /USDT has witnessed an astonishing rally, soaring to $0.5900 with an incredible 75.80% surge in the last 24 hours. The coin has broken past its critical resistance levels, fueled by immense buying pressure and high trading volume of over 755.87M $PHA . This explosive movement is part of a sustained uptrend, as reflected in its 7-day performance of 379.58% gains, signaling strong bullish sentiment. With $PHA reaching a 24-hour high of $0.5900, further breakout opportunities remain possible if momentum persists. Traders should keep an eye on $0.6141 as the next resistance, while $0.4378 acts as immediate support. A pullback toward $0.4378 could attract buyers for another leg up, while breaching the highs could open doors to even more significant price action. $PHA is clearly the hot coin of the day, and its rally is not one to miss. #PHA

Major Altcoins Poised for 5x-10x Surge Once Bitcoin Hits New ATH! After recording a new ATH, the Bitcoin price recorded a significant correction in valuation, resulting in top altcoins following in their footsteps and displaying a similar trend. With the increased market volatility, the crypto industry continues to display a significant fluctuation in the chart. In this article, we have covered the top altcoins that have the potential to record a massive surge in their respective portfolios once the market leader, Bitcoin, claims a new all-time high (ATH). The DOGE price traded in a closed range between $0.0562 and $0.0793 for a brief period, following which the bulls successfully broke out of the resistance level. Dogecoin then displayed a neutral trend for three months, after which bulls regained momentum and displayed a positive trend. The DOGE coin price then recorded a jump of approximately .

While Bitcoin, BTC, remains bound within the $90,000-$100,000 price bracket, some crypto analysts forecast that a correction could take place soon because a 'head and shoulders' formation is seen on the daily chart. Head and Shoulders: Can Bitcoin Drop to $80,000? Aksel Kibar, a seasoned analyst and trader, came forward on X to project some thoughts on the latest price action of BTC. On his post, this chartered market technician pointed out that he may see a head and shoulders formation on the daily BTC chart that could drop as low as $80,000. bitcoin kibar He explained that the pullback could see BTC's price head toward the broadening pattern that completed with a breakout above $73,600. Kibar, however, was keen to note that for a significant pullback in the BTC price, the head and shoulders pattern needs to paint up fully. He said: It is not sufficient to just witness it. It needs to materialize with a breach below the neckline. There exist many cases of failed head and shoulders tops especially in steady uptrends well above the year-long average. Other crypto analysts have also shared related bearish outlooks for Bitcoin's price. For instance, technical analyst Ali Martinez identified $92,730 as the critical price for the top cryptocurrency. According to Martinez, losing the level could plunge the BTC into "free fall territory, based on UTXO Realized Price Distribution (URPD). URPD stands for Unspent Output, price, and date-a metric that reflects Bitcoin's Unspent Transaction Outputs into a distribution across the wide range of price levels when they were last timestamped and moved. Simply explained, it helps pinpoint areas where large-scale BTC accumulation or spending has occurred in various price ranges as an indicator of investor behavior and sentiment. Elsewhere, former Wall Street derivatives trader Tone Vays also warned that BTC trading below the $95,000 price level would be "very, very bad" for the flagship digital asset. Similarly, veteran trader Peter Brandt recently warned of the possibility of BTC breaking down from a 'broadening triangle' formation, falling all the way to the $70,000 level. bitcoin brandt While some analysts are predicting a possible price correction, others are still optimistic of the long-term outlook of Bitcoin. Thomas Lee, an analyst at Fundstrat Capital, estimated that BTC could surge as high as $250,000 by 2025. He allowed, though, that a short-term correction to $60,000 might be possible early next year before Bitcoin embarks on a historic bull run. The Long-Term Bullish Case For BTC Though some analysts do believe that BTC is staring at a looming price correction, the long-term price predictions remain very positive. For instance, Crypto asset manager Sygnum believes that BTC might witness 'demand shocks' on the back of strong institutional interest in the digital asset that could push its price much higher. Earlier this month, Ali Martinez pointed out that a 'cup and handle' pattern might be forming on the chart of BTC. This may trigger additional upside momentum in the asset if it were to be actualized. At the time of writing, BTC changes hands at $94,149, down 2.5% in the last 24 hours. $BTC