Analyst Who Called Bitcoin Price Crash Above $100,000 Predicts Crash To $29,000

Analyst LavaXBT, who previously predicted Bitcoin's crash from above $100,000, now forecasts BTC could plunge to $29,000 after first declining to $45,000. However, the analyst also sees potential upside to $160,000 if Bitcoin reclaims $93,000 and closes above $120,000.

• →LavaXBT predicts Bitcoin could crash to $29,000, representing a 58% decline from current $69,000 levels.
• →The analyst plans to short Bitcoin if it rallies back to $73,000, $78,000, or $80,000 levels.
• →Geopolitical tensions and low trading volume are cited as factors affecting Bitcoin's price action.
• →A Bitcoin crash to $29,000 could cause altcoins to fall even harder, potentially returning to 2022 crash levels.
• →Upside scenario targets $160,000 if Bitcoin reclaims $93,000 and closes above $120,000.