Crypto
Analysts Split on Bitcoin's Floor Price as Market Continues Downward Trend
Bitcoin's (CRYPTO:BTC) price continues to decline, dropping by 3.26% in the past week and 33.48% from its peak last year.
Several analysts, including Peter Brandt, Arthur Hayes, Citi, NYDIG, and a Delta Exchange analyst, have published their own forecasts for Bitcoin's floor price, but they differ significantly - ranging from $76,500 to $38,000.
The nearest support level is around $76,500, but if that breaks, the next downside zone could run as low as $72,000. The June 30 cycle low was $58,562, and a break below that would signal a shift in market dynamics.