Bitcoin traders split between $70K crash and BTC price rebound within days
Cointelegraph
Bitcoin traders hold mixed short-term outlooks, anticipating either a drop to $70K or a rebound toward $100K soon.Summary
Bitcoin was trading around $88,000 as market participants showed divided opinions on the immediate price direction, with the asset struggling below $90,000. Some analysts, like Ted Pillows, warned of a potential 40%-50% crash if the 100-week EMA crosses below its SMA, referencing past bear market signals, while others predicted an imminent bullish breakout toward $98,000–$100,000 or even $150,000 based on wave theory. Conversely, onchain analysis from CryptoQuant suggests fragility, flagging increasing BTC inflows to Binance as a reason to expect a corrective move toward the strong demand zone between $70,000 and $72,000.
(Source：Cointelegraph)