Bitcoin is predicted to fall to $ 42,000 in the near future

A recent analysis by leading cryptocurrency experts suggests that bitcoin, which is currently hovering between $ 63,000 and $ 61,000, may be poised for a significant drop.

Experts warned of a potential market top that could lead to an aggressive price correction. Technical analyst DonAlt expressed concern about periodic tests of the support price range BTC $56,457.80 Bitcoin -2.47% Market capitalization $1.11 trillion VOL. 24 hours $4.48 billion $ 63,000 — $ 61,000, which could lead to its weakening.

«Bitcoin has returned to the old level. The more often it is tested, the more likely it is to break through. I think even the bulls would like to get a washout below this level ,» DonAlt explained.

He predicts that even bullish investors are preparing for a drop to $ 52,000 or $ 46,000. According to DonAlt, this market correction could shake the complacent sentiment.

Complacency in the crypto market often occurs after long periods of price growth, when investors become overly optimistic, ignoring potential risks. Such sentiment can reduce market vigilance and trading volumes, increasing vulnerability to sudden market corrections.

«I believe that the crypto market is in a state of complacency until proven otherwise, either until $ 68,000 is recaptured or until the range is lost and then recaptured again ,» DonAlt added.

«I expect that in the summer we will continue to cut in the purple box. In this box, you need to look for clues whether it is re-accumulation or redistribution. Re-accumulation of [може призвести до бичачого прориву до] $ 100,000. However, redistribution [може призвести] before bitcoin falls to $ 52,000, or $ 42,000, or $ 32,000,» analyst Murad Makhmudov explained.