The price of Bitcoin (BTC) has dropped further today, accelerating after losing the $94,000 support level. Investors who faced losses exceeding 5% in altcoins are curious about the next phase. Yesterday, Roman Trading, dubbed the crypto oracle, had warned investors.
Roman Trading: The Crypto Oracle
Roman Trading has been nicknamed the crypto oracle for accurately predicting several major movements in the last 5-6 months. Although he cannot see the future and has made mistakes, we see different periods where various analysts rise to prominence with their predictions. Somewhat mockingly, they are called “crypto oracles.” Just as PlanB in 2021 and Capo in 2022, Roman Trading is also experiencing this fame without possessing a magical crystal ball.
However, it should be remembered that PlanB in 2022 and Capo in 2023 became laughingstocks in the crypto community for failing to adapt to changing trends. Will Roman Trading meet a similar fate by 2026? For now, his bearish forecasts are proving accurate.
In his evaluation yesterday, the analyst shared the following chart:
“Volume proves to be an indicator of high prediction percentage. In this chart, price movements are entirely bearish, and the previous support level is being perfectly retested as a new resistance level at low volume.
Again, this is a sign of a strong downtrend, not the start of a bull market.”
Hours later, he was proven correct as BTC’s price dropped to as low as $90,693.
Supreme Court Tariff Decision
Today’s drop is associated with rising tensions with the EU and the Supreme Court’s likelihood of announcing its tariff decision in a few hours. The decision had been postponed for 2 weeks, and the White House stated in December that the final decision would be made in January. If the White House’s statement holds true, the Supreme Court will announce its tariff decision today at 6:00 PM.
If tariffs are canceled, amidst increasing tensions with the EU, the uncertainty could lead to a sharp rise in gold and silver. As Bitcoin is an asset that prices risk, fear and panic resulting from an unfavorable decision for Trump could lead to a fall to as low as $85,000. The key support for BTC stands at $81,000.
