Bitcoin Forecast: BTC Price Could Crack $50,000 If This Important Level Does Not Hold

Bitcoin has been experiencing a downward trend, and a crypto analyst predicts a potential drop to $50,000 if support at $54,000 fails. Bitcoin's price tends to decline in the first week of each month, as seen in July, August, and September. Another analyst believes Bitcoin could fall to $40,600 if it fails to stay above $51,000. A potential breakout around $68,000 is also being monitored. Some analysts anticipate a further decline before a price rebound. Michael van de Poppe predicts a drop to $53,000 or even $49,000, followed by a potential reversal. Another analyst, 'Titan of Crypto,' suggests October could bring a breakout to $100,000, marking the start of a bull run. Despite bearish sentiment, analysts remain optimistic about Bitcoin's long-term potential.