Bitcoin (BTC) 
$74,999 continues its impressive ascent, recently achieving a new all-time high (ATH) of $113,739.03. The increasing volume alongside the price suggests the potential for further gains. Altcoins are also experiencing significant growth, with some, including AD, DOGE, and AVAX, showing double-digit gains. However, one notable crypto analyst predicts an impending downturn and has shared insights on the potential start of this decline.
Potential Decline Levels for Cryptocurrencies
Roman Trading, a prominent figure in cryptocurrency analysis, has accurately predicted several major downturns over the last eight weeks. Despite a recent miscalculation at the $98,000 mark, Roman now fervently believes the bull market is nearing its end, asserting the onset of a decline as Bitcoin reaches new record heights. Today, as BTC sets another ATH, he maintains his anticipation of a reversal.
According to Roman, the ultimate peak will reach $120,000 before BTC potentially dips below the $90,000 benchmark.
“Looking at BTC’s weekly chart, I’m convinced we’re at the end of this bull run, even if a bit more upside remains. The bearish RSI and MACD, along with declining volume and rising prices, suggest a bearish outlook. Until the long-term perspective shifts, my stance remains unchanged. It’s that straightforward.”
Perspectives of Crypto Analysts
Outside of Roman Trading and Capo, few analysts anticipate a drop. Many analysts continue to reiterate their predictions from six months ago, expressing a “told-you-so” sentiment. Nic, on the other hand, argues that continued growth is foreseeable as many investors remain skeptical and have stayed on the sidelines. He predicts a considerably different scenario at the $130,000 level.
Pentoshi has conveyed his expectations for the continued upswing, attributing this perspective to Coinbase’s premium rates and the high demand in the US market.
As this article concludes, BTC has once again risen, hitting a new high of $113,788. This scenario aligns with analysts’ long-discussed notion of a “price discovery phase,” indicating BTC’s rise toward its true peak, potentially persisting without unexpected setbacks. The $110,000 mark is crucial as a support level, with increased activity anticipated nearing daily closures.
