BTC Analyst AlanSantana Says Bitcoin Price 'Will Crash,” Backs Statement with Price Action Analysis

Crypto analyst AlanSantana presented a compelling argument regarding the future of Bitcoin, stating that Bitcoin “will crash.” He emphasized the significance of price action analysis and the patterns observed in the market.

Top crypto analyst AlanSantana has shared his BTC analysis, predicting that the coin “will crash.” He shared his price action analysis to support his statement, highlighting consolidation as a key factor.

According to AlanSantana, consolidation is a precursor to both uptrends and downtrends. Without a consolidation phase, he asserts, an uptrend cannot occur, nor can a downtrend.

Examining the left side of his chart, AlanSantana noted a clear sideways pattern with low prices, indicating an ultra-bullish sentiment. This consolidation phase, he pointed out, led to substantial growth between October 2023 and March 2024. However, after March 2024, the growth ceased, replaced by a consolidation phase characterized by lower highs and lower lows.

As he shifted his focus to the right side of the chart, AlanSantana pointed out another sideways pattern, this time with a bearish inclination. Prices were high, and he described the sentiment as ultra-bearish. This consolidation phase, he asserted, was setting the stage for a significant crash, which had been seven months in the making.

While traders might feel secure with Bitcoin trading at $60,000, AlanSantana cautioned that it is still significantly below the previous baseline of $70,000. He predicted further declines, suggesting that trading at $50,000 could be on the horizon.

Despite the impending downturn, AlanSantana reassured his followers that the community is in it together. He expressed empathy for those who may not yet see the reality of the situation but encouraged them to focus on the chart rather than the noise of the market.

Ultimately, AlanSantana’s message was clear: Bitcoin is poised for a crash, and while he acknowledges the discomfort that comes with such predictions, he insists that understanding and preparing for this potential movement is crucial for protecting capital.

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