Analyst: BTC Price May Further Drop to $76,000

Odaily Following a recent rebound, Bitcoin encountered resistance around $95,000. Analyst Roman stated on platform X that he still believes the BTC price will reach $76,000. He indicated that the current sideways consolidation is merely a reset before a decline, with no signs of reversal observed, and higher timeframes remain very bearish. Additionally, Keith Alan, co-founder of Material Indicators, noted that BTC's first attempt at a breakout has been confirmed as a failure, and he is currently watching the technical support zone between $87,500 and $89,000. With a macro death cross forming on the weekly chart later this month, he views any subsequent rallies as selling opportunities. Furthermore, trader Daan Crypto Trades also believes the monthly lows are unlikely to hold and leans towards the price breaking below these lows to create conditions for a subsequent bottoming process. (Cointelegraph)