Is Bitcoin (BTC) Crashing Soon? Two things to remember (Analyst)

TL; DR

Bitcoin highs and potential correction: Bitcoin has reached above $44,000, a 19-month high, with some analysts warning that a correction is possible despite the current bullish trend. Market Sentiment: The Bitcoin Fear and Greed Index suggests extreme greed, which could be a precursor to a market correction due to over-optimism or uninformed investing. Optimistic Long-Term Predictions: Celebrities like Max Keizer and Adam Back predict future growth for Bitcoin with targets ranging from $100,000 to $700,000.

Is a BTC price correction in progress?

The price of major cryptocurrencies has been going through the roof lately; catch up 19-month high over $44,000. And while some believe this is the start of a bull run that could take the asset to a new ATH, there are pitfalls investors should be aware of.

Famous analyst Ali describes the growth of Bitcoin. List Optimism for BTC has risen to an all-time high since June. However, the expert warned that the leading digital asset is “contradictory and does not always follow the crowd”. Having said that, futures traders should be wary of possible price adjustments.

Another indicator to watch is the Bitcoin Fear and Greed index. It has the measure. has been In the last two months, “greed” or “extreme greed” shows the brutal feeling between investors and traders. The results are based on several factors such as social media interaction, surveys, market speed, volatility and others.

The increasing greed among people, however, may indicate that some individuals are marching in the group due to the influence of FOMO (“fear of missing out”) and without taking proper precautions. In other words, when investors are too greedy, the market may undergo a correction.

It is worth mentioning that in the last few hours, the price of BTC has dropped significantly and reached around $42,900. The subsequent rebound took the estimate to its current level of about $43,300.

What if the BTC Rally Continues?

On the other hand, some analysts and experts think that investors shouldn't expect a drastic return of Bitcoin anytime soon. The American filmmaker and the first cryptocurrency supporter – Max Kaiser – recently He argued BTC may experience a so-called “God's Candle” that could push its price up to $100,000. He also predicted the property would reach an “implied, hash-adjusted value of $375,000.”

“This will really shock the world. And the singularity of Bitcoin will be upon us,” he added.

Robert Kiasaki (best known as the author of the bestseller “Rich Dad, Poor Dad”) and Adam Back are other prominent figures who have predicted a bright future for Bitcoin. The latter He predicted BTC may surpass gold's capitalization and reach an astonishing $700,000.

It's worth noting that cryptocurrency has a long way to go to flip the metal. The market value of the former is currently around $850 billion, while the latter is $14 trillion.

There are also several important events taking place later in December. They can have a significant impact on the price of Bitcoin. For more information, watch our latest video here: