💰 Will The $BTC Price Return To $20,000? Crypto Analyst Provides Answers- NEWSBTC

Irma - Aug 14 - - Dev Community

📉 Bitcoin Price Could Hit $20,000: Some believe BTC won't return to $20,000, but analyst "Without Worries" sees it as inevitable, just a matter of time. On the 3-week chart, Stochastics RSI indicates resistance is building, signaling a potential downtrend.

📊 Historical Trends: In 2018, 2019, and 2021, similar resistance led to 70% price declines. If history repeats, Bitcoin could drop to $20,000 from its current high. However, this scenario could take months to play out.

🚀 BTC Rally by 2025?: The analyst is skeptical of a Bitcoin rally to new peaks by 2025, citing market fear. They believe the market top will only come during euphoria and that no long-term opportunities may arise until 2027.

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