Analyst warns: Bitcoin price could be going to the top, risk of decline to $50,000

As Bitcoin rate reached a major milestone this weekend, breaking through the $80,000 barrier, but is this huge surge sustainable?

Weekends are the playground of the whales

The recent price move follows the famous trend of bulls taking advantage of thin liquidity on weekends to push the market higher. But not everyone is convinced of the sustainability of these increases. WhalePanda, a popular commentator on “Weekend moves in low liquidity are almost always fully discovered,” said WhalePanda.

Keith Allen, co-founder of Signal Materials, also emphasizes the importance of corrections within an upward trend. “Weekends are often the whales’ playground. In this phase of price research, I focus primarily on Bitcoin’s weekly and monthly closes,” he wrote on X.

There is a risk that the price will drop to $50,000

Not all analysts are optimistic. Credible cryptopopular trader and analyst, predicts a major correction for Bitcoin and altcoins in the short term. He sees a risk of price going below $50,000: “I think we are closer to the top than expected, both for Bitcoin and altcoins. This could lead to a significant downward trend. “ he announced.

Decision

The price of Bitcoin is breaking the highest levels, but hope is dampened by warnings of a possible drop in prices. Although some are hoping for further increases, caution is still needed, especially at this stage of the market.

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