<p>Crypto analyst Ali made a post to explain why Bitcoin, which currently trades at $97,000 needs to maintain support at $96,000. Based on the X post, a breach below this level could trigger a pattern similar to previous market behavior.</p>
<p>His technical analysis suggests a potential retracement to $85,000, where historical data indicates strong support exists.</p>
<p><a href="https://x.com/ali_charts/status/1866447268447961325" target="_blank" rel="noopener noreferrer nofollow">The analysis points</a> to a broader pattern recognition similar to what happened in 2020. Then, a break below similar support levels has historically preceded substantial corrections. However, Ali’s chart maintains a constructive long-term outlook, suggesting that post-correction, Bitcoin could resume its upward trajectory toward $120,000.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="688" src="https://captainaltcoin.com/wp-content/uploads/2024/12/image-421-1024x688.png" alt="" class="wp-image-596367" srcset="https://captainaltcoin.com/wp-content/uploads/2024/12/image-421-1024x688.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-421-300x201.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-421-767x515.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-421-1536x1031.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-421-2048x1375.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-421-223x150.png 223w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-421-100x67.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-421-521x350.png 521w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-421-788x529.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<h2 class="wp-block-heading" id="another-top-analyst-sees-a-btc-dip-to-40-000as-altseason-nears">Another Top Analyst Sees a BTC Dip to $40,000as Altseason Nears&nbsp;</h2>
<p>In a more bearish analysis, <a href="https://x.com/cryptosymbiiote/status/1866214979852267671" target="_blank" rel="noopener noreferrer nofollow">analyst Symbiote</a> has liquidated their entire Bitcoin holdings at $102,000 after a two-year holding period.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="767" src="https://captainaltcoin.com/wp-content/uploads/2024/12/image-422-1024x767.png" alt="" class="wp-image-596375" srcset="https://captainaltcoin.com/wp-content/uploads/2024/12/image-422-1024x767.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-422-300x225.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-422-768x575.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-422-1536x1150.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-422-2048x1534.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-422-200x150.png 200w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-422-100x75.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-422-467x350.png 467w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-422-788x590.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-422.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>According to their post, their extensive research points to three key predictions: an imminent major altcoin season, a potential Bitcoin retracement to $40,000 presenting a strategic re-entry point, and a bull cycle conclusion in October 2025.</p>
<p><strong><em>Read More: <a href="https://captainaltcoin.com/youtuber-predicts-cardano-ada-price-could-double-amid-market-correction-heres-the-outlook/" target="_blank" rel="noopener noreferrer nofollow">YouTuber Predicts Cardano (ADA) Price Could Double Amid Market Correction – Here’s the Outlook</a></em></strong></p>
<h2 class="wp-block-heading" id="bullish-perspective-bitcoin-to-120k-soon">Bullish Perspective: Bitcoin to $120k Soon&nbsp;</h2>
<p>Countering these bearish perspectives, Doctor Profit presents a bullish outlook. With a track record of accurately predicting previous market movements, including the decline to $18,000 in 2021 and the FTX collapse, they project Bitcoin reaching $125,000 between January and February.</p>
<blockquote class="twitter-tweet">
 <p lang="en" dir="ltr">I have predicted the crash from 60k and said we will dump to 18k in 2021, I also predicted the crash of FTX and publicity called to short it few days before the exchange has fully collapsed. My predictions fully played out<br><br>Now watch 125k in Jan – February</p>— Doctor Profit <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1e8-1f1ed.png" alt="🇨🇭" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@DrProfitCrypto) <a href="https://twitter.com/DrProfitCrypto/status/1866261734333575244?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 9, 2024</a>
</blockquote>
<p>The convergence of these diverse analyses presents a complex market picture, with strong support at $96,000 serving as a crucial pivot point for Bitcoin’s near-term direction.</p>
<p>The market appears poised at a critical juncture, with potential outcomes ranging from a sharp correction to $40,000 to an upward surge toward $120,000-125,000.</p>
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<p>The post <a href="https://captainaltcoin.com/bitcoin-btc-price-risks-further-downside-if-this-key-support-fails-top-analyst-sees-40k-next/" rel="noopener noreferrer nofollow">Bitcoin (BTC) Price Risks Further Downside if This Key Support Fails: Top Analyst Sees $40K Next</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Bitcoin (BTC) Price Risks Further Downside if This Key Support Fails: Top Analyst Sees $40K Next

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