The post Bitcoin (BTC) Price Might Drop To $25k Level If This Happens! What Can Traders Expect? appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
After Russian President Vladimir Putin made a bold statement amid escalating tensions on the Russia-Ukraine border, Bitcoin and other cryptocurrency values plummeted, putting the global crypto market in the red.
Bitcoin Price Analysis
Bitcoin is struggling to recover above the $38 resistance zone. At Press time the flagship currency is trading at $38,085.41 with 3% gains.
To gain bullish momentum, the BTC/USD price must settle above the $38,800 level. If this happens, the BTC price might move above the $39,500 resistance.
However, on the downtrend, the major support is near the $37,000 level. If there is a downside break below the $37,000 support zone, the price might gain bearish momentum for a move to $36k to $35K Level.
Another sell-off Incoming for BTC?
![](https://wordpress-1016567-4521551.cloudwaysapps.com/wp-content/uploads/2022/02/bitcoin-btc-price-might-drop-to-25k-level-if-this-happens-what-can-traders-expect.png)
Tone Vays, a seasoned trader, warns Bitcoin (BTC) investors that the main cryptocurrency is on the verge of another sell-off. Vays claims that Bitcoin’s price movement and technical indicators are all showing bearish signs in a fresh strategy session.
BTC is trading below all moving averages. The [200-day] moving average is about to begin a downward trend. According to him, that’s not a good sign. He further says that this is a dreadful daily graph and it’s not looking good if this candle closes below $38,500.The arrow [pointing to $25,000] appears to be reasonable.
Although he says that there’s a chance the [50-day] moving average will snap back. The coin could be double bottoming again at $36,500, and then this calamity could happen.
![](https://wordpress-1016567-4521551.cloudwaysapps.com/wp-content/uploads/2022/02/bitcoin-btc-price-might-drop-to-25k-level-if-this-happens-what-can-traders-expect-1.png)
Vays, who is bearish on Bitcoin in the short to medium term, the senior analyst believes that macroeconomic factors will finally propel BTC above its all-time high.
“In a world of inflation, in a world of tyrannical governments confiscating your money, Bitcoin will eventually break above this double top and break out above the double top with a vengeance. Remember the longer Bitcoin is depressed below $65,000, the more violent the move to the upside is going to be. To me, this is pretty much a fact. When is it going to happen? I don’t know.”
According to Vays’ chart, Bitcoin will rise to a new all-time high above $100,000.
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