Popular Analyst Predicts Bitcoin (BTC) Price Could Fall Below $15,000

[ad_1] <br><div> <p> <iframe loading="lazy" src="https://coingape.com/popular-analyst-predicts-bitcoin-btc-price-could-fall-below-15000/about:blank" width="320" height="100" marginwidth="0" marginheight="0" hspace="0" vspace="0" frameborder="0" scrolling="no" data-rocket-lazyload="fitvidscompatible" data-lazy-src="https://servedbyadbutler.com/adserve/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER"> </iframe><noscript><iframe src="https://servedbyadbutler.com/adserve/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER" width="320" height="100" marginwidth="0" marginheight="0" hspace="0" vspace="0" frameborder="0" scrolling="no"> </iframe></noscript> </p> <p>Bitcoin (BTC) value tumbled practically 8% within the final 24 hours because the U.S. greenback index continues to maneuver above 110, making the crypto and equities markets weak forward of the <a target="_blank" href="https://coingape.com/glossary/federal-reserve-system/" rel="noopener">Fed</a>‘s FOMC assembly on September 20-21. In style crypto analyst <a target="_blank" rel="nofollow noopener" href="https://twitter.com/rektcapital/status/1571827530138800128">Rekt Capital predicts</a> BTC value may fall beneath $13,900, and to $11,500 in an excessive situation.</p>

<h2>Historic Knowledge Signifies Bitcoin (BTC) Worth Can Fall Additional</h2> <p>Within the month-to-month timeframe, the Bitcoin value is at present struggling to surpass the $20,000 degree, displaying a weak spot. The $20,000-$23,350 vary will principally resolve bears and <a target="_blank" href="https://coingape.com/glossary/bull-market/" rel="noopener">bulls </a>right here. The worth actions in July and August point out the distinction within the buy-side stress, with $20,000 as assist.</p> <figure id="attachment_121902" aria-describedby="caption-attachment-121902" style="width: 608px" class="wp-caption aligncenter"><img class=" wp-image-121902" alt="Bitcoin BTC Price Monthly Timeframe" width="608" height="431" src="https://cdn.coingape.com/wp-content/uploads/2022/09/19191339/Bitcoin-BTC-Price-Monthly-Timeframe.webp"/><noscript><img class=" wp-image-121902" src="https://cdn.coingape.com/wp-content/uploads/2022/09/19191339/Bitcoin-BTC-Price-Monthly-Timeframe.webp" alt="Bitcoin BTC Price Monthly Timeframe" width="608" height="431"/></noscript><figcaption id="caption-attachment-121902" class="wp-caption-text">Bitcoin BTC Worth Month-to-month Timeframe. Supply: Rekt Capital</figcaption></figure> <p>Nevertheless, <a target="_blank" href="https://coingape.com/bitcoin-btc-price-remain-below-20000-this-year/" rel="noopener">price movement in September</a> has been so weak and suggests $20,000 is now turning right into a resistance degree. If the month ends with Bitcoin (BTC) value beneath the $20,000 degree, the following assist ranges are $17,165 and $13,900.</p> <p>Traditionally, the Bitcoin (BTC) value types a backside at or beneath the 200-weekly transferring common (WMA) after a Dying Cross. The post-Dying Cross retracements have been within the vary of -42% to -73%.</p> <figure id="attachment_121903" aria-describedby="caption-attachment-121903" style="width: 609px" class="wp-caption aligncenter"><img class=" wp-image-121903" alt="Bitcoin (BTC) Price Bottom" width="609" height="432" src="https://cdn.coingape.com/wp-content/uploads/2022/09/19191939/Bitcoin-BTC-Price-Bottom.webp"/><noscript><img class=" wp-image-121903" src="https://cdn.coingape.com/wp-content/uploads/2022/09/19191939/Bitcoin-BTC-Price-Bottom.webp" alt="Bitcoin (BTC) Price Bottom" width="609" height="432"/></noscript><figcaption id="caption-attachment-121903" class="wp-caption-text">Bitcoin (BTC) Worth Backside. Supply: Rekt Capital</figcaption></figure> <p>Due to this fact, contemplating the historic post-Dying Cross retracements and assist ranges, the Bitcoin value to backside at round $13,900. Within the excessive situation, the BTC value to backside at $11,500.</p> <p>Because the BTC value is already beneath the 200-WMA and psychological degree of $20,000, the draw back appears most probably. Nevertheless, there's a large distinction in market cap dimension, liquidity, and institutional and retail adoption of Bitcoin now as in comparison with earlier occasions.</p> <p><span class="css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0">Bitcoin</span><span class="css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0"> bottomed 547 days earlier than the <a target="_blank" href="https://coingape.com/glossary/bitcoin-halving-2/" rel="noopener">Bitcoin Halving</a> in 2015 and</span><span class="css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0"> 517 days earlier than the Bitcoin Halving in 2018. Due to this fact, if Bitcoin goes to backside 517-547 days earlier than the upcoming April 2024 Halving, then the underside will happen in This autumn this 12 months.</span></p> <h2>Macros Impacting BTC Worth</h2> <p>Regardless of a <a target="_blank" href="https://coingape.com/bitcoin-btc-price-may-reclaim-200-wma/" rel="noopener">growing number of new daily addresses</a>, the Bitcoin value continues to dive beneath $20,000.</p> <p>The Bitcoin (BTC) value will principally depend upon the Fed price hike on September 21. Wall Road specialists similar to <a target="_blank" href="https://coingape.com/goldman-sachs-predicts-interest-rate-hike-for-next-three-months/" rel="noopener">Goldman Sachs predict a 75 bps rate hike</a> in September and 50 bps price hikes in November and December. Based on the <a target="_blank" rel="nofollow noopener" href="https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html">CME FedWatch Tool</a>, the likelihood of a 75 bps price hike is 80%.</p> <p>At the moment, the BTC value is buying and selling above the $19,000 degree after recovering practically 4% from the 24-hour backside at $18,390. If the U.S. greenback index stays close to 110, the BTC value might be underneath stress.</p>

<p> Varinder is a Technical Author and Editor, Know-how Fanatic, and Analytical Thinker. Fascinated by Disruptive Applied sciences, he has shared his information about Blockchain, Cryptocurrencies, Synthetic Intelligence, and the Web of Issues. He has been related to the blockchain and cryptocurrency business for a considerable interval and is at present protecting all the newest updates and developments within the crypto business. </p> </div> <div class="author_Image"> <img alt="" srcset="https://secure.gravatar.com/avatar/f187fb5b7b3b0b9367ef83384cb40d5f?s=400&d=mm&r=g 2x" class="avatar avatar-200 photo" height="200" width="200" src="https://secure.gravatar.com/avatar/f187fb5b7b3b0b9367ef83384cb40d5f?s=200&d=mm&r=g"/><noscript><img alt="" src="https://secure.gravatar.com/avatar/f187fb5b7b3b0b9367ef83384cb40d5f?s=200&d=mm&r=g" srcset="https://secure.gravatar.com/avatar/f187fb5b7b3b0b9367ef83384cb40d5f?s=400&d=mm&r=g 2x" class="avatar avatar-200 photo" height="200" width="200"/></noscript> </div> </div> </div> <div class="TabDesCm tabcS" id="TabD121894"> <p> The introduced content material could embody the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn't maintain any duty on your private monetary loss.</p></div> </div> </div>

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