Two Master Analysts Warned: Bitcoin is Preparing to Dive to These Levels!

The cryptocurrency market is struggling to gain strength and is losing ground. In particular, Bitcoin has fallen to critical levels. However, analysts warn of further declines. A crypto analyst who claims that Bitcoin’s bottom is accurate in 2022 says that BTC is in danger of witnessing a major collapse. Additionally, a closely followed analyst believes that BTC will collapse a valuable support level before witnessing another move in the upper direction.

Analyst warned Bitcoin: It is the last line of defense before the collapse!

cryptokoin.com As you follow from , the leading crypto Bitcoin started to decline after rising to the top. In recent days, it has slipped towards critical levels. Moreover, this period of decline may herald a collapse. The analyst, nicknamed DonAlt, who claims BTC’s bottom in 2022, says BTC is at risk of losing all its bull momentum. The analyst hypothesizes that Bitcoin will likely go through a capitulation event if BTC bulls fail to defend the $63,000 support. In this context, the analyst makes the following statement:

I’ve actually been a fan of the $60,000 supplement for a while. Only BTC has tested this much. We’ve tested it so many times now that I don’t think it’s something worth bothering with. $63,000 is our last line of defense before we retest $60,000, and to be honest, I think $60,000 will be gone. If we break $63,000, I think $60,000 will topple. Maybe one day you get it green and people get very excited, but then the next day or two or maybe a week later, I think it breaks down tremendously… You should never underestimate the last stop. I said this before because all the action will be there.

Source: TechnicalRoundUp/YouTube

DonAlt previously said that $63,000 is a “do or die” level for Bitcoin. The analyst stated that if this support is broken, BTC will likely fall to $50,000. But he claims that if the underlying holds, Bitcoin will hit an all-time high.

Analyst: I’m sure BTC will fall below $60 thousand!

The analyst nicknamed The Flow Horse also warns about the collapse of Bitcoin. The analyst says Bitcoin is showing multiple signals that the $60,000 support will break down before we see the trend reverse. In this regard, the analyst shares the following assessment:

As I mentioned at the beginning of the week, it will probably be near a bottom over time (next few months), but not in price… I’m pretty sure Bitcoin will see a period below $60,000 again. I know we’re still in the mid-range, but such prolonged consolidation and weakness, without an imminent tailwind and essentially declining demand, almost always resolves downward before rising again.

What’s next for Bitcoin and altcoins?

The Flow Horse has previously said that he thinks both Bitcoin and Ethereum (ETH) are “bear trapping,” or deceiving short sellers by always appearing to be in a bear trend before an asset triggers a major rally. However, while the analyst thinks that a rally is in sight for the two leading cryptocurrencies, he predicts that the volatility for BTC and ETH will be short-lived. In this context, the analyst shares the following views:

This is about Bitcoin and ETH. I think they will hit the bottom in the near future before jumping and dying again. While the downward trend in altcoins is reasonable for medium-to-long time frames, it should be noted that they peaked months ago and collective sentiment is now catching up, meaning they are probably closer to a discontinuous bottom and bounce than anything else.