Crash in Bitcoin: Good Time To Buy Bitcoin?

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Bitcoin shows clear strength despite a recent pullback from its new all-time high near $124K. Technical indicators suggest a period of consolidation or correction may followโ€”but underlying momentum, fueled by institutional demand and favorable regulatory developments, keeps the door open for a renewed surge toward $130Kโ€“$150K, or possibly even $200K by year-end in optimistic scenarios.

In this article, we will look at bitcoin next target and latest news.

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Bitcoin Next Target

  • Current Price: Approximately $116,739 per BTC, with an intraday range between ~$114,742 and ~$118,012
  • Market Capitalization: Approximately $2.29 trillion, based on circulating supply of ~19.91 million BTC
  • 24-Hour Trading Volume: Around $23.26 billion
  • Circulating Supply: ~19.91 million BTC out of a maximum of 21 million BTC; fully diluted valuation ~ $2.42 trillion
Crash in Bitcoin: Good Time To Buy Bitcoin?

Perfectly moving downward the complete the pattern.

Key Indicators & Technical Signals Used for Forecasting

  • Rising Volatility After ATH: Bitcoin recently surpassed its previous all-time high (ATH) of ~$124K on August 14, indicating strong momentum but followed by a correction phase
  • Potential Pullback Risk: Analysts like Lark Davis and Michaรซl van de Poppe have warned of deeper corrections, suggesting Bitcoin could retrace down to ~$108Kโ€“$112K range if volatility spikes
  • Short-Term Technical Consolidation: BTC recently broke out of a rising channel and is consolidating around $115Kโ€“$116K. Failing to reclaim the 50-day simple moving average near $117,695 may indicate weakening momentum. Spinning top candlestick patterns around $116K suggest indecision
  • Historical Pattern Signals Caution: Technical analysis comparing price movement to previous post-halving cycles raises the possibility of a correction in September before another rally toward a cycle peak later in the year

Forecast Outlook

  • Bullish Scenario: Strong institutional interest, a dovish policy backdrop, and a breakout above $118Kโ€“$120K could push BTC further toward $130Kโ€“$150K. Some bullish projections, buoyed by macro tailwinds and 401(k) inclusion, even suggest an upswing toward $200K by year-end
  • Moderate Outlook: If prices remain capped below $118K, Bitcoin is likely to trade in a range between $112Kโ€“$120K for a while. Breaking below $115K may open the path toward $108Kโ€“$112K support levels
  • Bearish Scenario: A failure to hold above $115K, coupled with technical signals and historical patterns pointing to vulnerability, could lead to a correction toward $108K or lower before resuming any recovery

Latest News Highlights

  • Post-ATH Volatility: Bitcoin soared to around $124,000 on August 14, propelled by ETF inflows, anticipated Fed rate cuts, and favorable regulatory policiesโ€”including allowing crypto in 401(k) retirement plans
  • Regulatory Optimism: The U.S. SEC appears to be shifting toward a more innovation-friendly stance, further enhancing confidence in crypto assets like Bitcoin
  • Correction Begins: Bitcoin has extended its pullback into Monday trading, with positions under pressure as traders take profits after recent rallies

For on-demand analysis of any cryptocurrency, join ourย Telegram channel.

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Harsh Panghal
Harsh Panghal

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