Analyst Predicts Bitcoin Price Crash: Rejection From $120K Puts Altcoins At Risk
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最新报道：A crypto analyst warns Bitcoin could face a sharp rejection near $120,000, potentially triggering an altcoin market crash. The prediction is based on historical patterns showing Bitcoin often retraces 30%-40% after major rallies, with altcoins suffering deeper losses. The analyst notes Bitcoin's current bull run resembles 2016's trajectory, which saw a 30% correction after hitting new highs. If history repeats, Bitcoin may peak around $120,000 before correcting to $70,000-$80,000, with altcoins declining 50%-60%. The warning comes as Bitcoin shows signs of slowing momentum after its recent surge, though the analyst maintains a long-term bullish outlook beyond this potential correction.
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