Cryptanalyst predicts Bitcoin price collapse in May

[Big Trader]

Since most assets in the cryptocurrency sector started eth price the new week in the red, and market leader Bitcoin returned to the $62,000 zone, the crypto community began to study the opinions of analysts.

And they, as a rule, do not disappoint and write a lot and in different ways. Thus, cryptocurrency expert Alan Santana suggested that Bitcoin could fall further, perhaps even to $30,000. Thus, he does not rule out a 50% price loss ethereum contract address.

Bitcoin price chart analysis. Source: Alan Santana

His voluble colleague Michael van de Poppe believes that “markets are in a state of boredom, or in a bearish trend.” Based on this, he expects an even greater drawdown in the exchange rate.

Bitcoin price and ftm price movement analysis. Source: Michael van de Poppe.

Known in the crypto community for more accurate predictions, Ali Martinez ftm coin price has noticed a noticeable decline in Bitcoin whale activity since mid-March, believing that the surge in crypto whale transactions could be a key catalyst for renewed consumer interest in Bitcoin.

Bitcoin whale transaction chart. Source: Ali Martinez

One reason for Bitcoin's slow dive may be the upcoming Federal Open Market Committee (FOMC) meeting, which, according to van de Poppe, "could cause markets to correct just before the event and then move higher on hopes of a rate cut."