Bitcoin analysts still predict a BTC price crash to $20K
BTC price has various reasons to return to $20,000, from a "head and shoulders" pattern to a FUD-induced cascade, Bitcoin analysis warns. Bitcoin (BTC) hit six-week highs to start October, but some forecasts still see a BTC price return to $20,000. While up around 6% since the start of last month and now circling $27,500, Bitcoin is not fooling many with its current price behavior. Analyst: October "should be bearish" for Bitcoin later on BTC price strength in recent weeks has many market participants hoping for a push to — and even through — $30,000 resistance. For some, however, there remains every reason to be cautious. In X analysis published on Oct. 2, popular trader and market analyst CryptoBullet reiterated that $20,000 is still very much on the radar as a BTC price target. The latest trip to $28,600, he argued, is now forming the right hand shoulder of a classic “head and shoulders” chart pattern — with downside logically due to follow if it completes. “S...