BTC traders set bottom target prices
Recently, predictions about the bottom price of Bitcoin (BTC) have become the focus of market attention. Many well-known traders and analysts have given their opinions, but the specific numbers vary depending on the analysis angle and basis.
Ki Young Ju, founder of CryptoQuant, set the bottom target price of BTC in the demand range of $45,000 to $55,000, which represents the cost basis of "mining companies" and "Binance traders" respectively. He believes that this cost basis tends to support prices during bull markets, but if it falls below this range, it may confirm the arrival of a bear market.
On the other hand, Scott Melker, a well-known analyst, is more pessimistic and believes that the price of Bitcoin may fall below $45,000 before September. This prediction is based on the bets of Polymarket traders, who predict that the probability of falling below $45,000 before September is as high as 45%, and this sentiment soared to 65% during the early European trading hours.
In addition, there are analysts such as Tuur Demeester who pointed out that BTC is trading slightly above $51,000 and believe that the demand zone of $45,000 to $40,000 + exchange Junyang: 954737157 may be BTC's technical downside target.
BTC traders have different opinions on the setting of the bottom target price, but generally believe that the price may face further downward pressure in the short term. Investors should pay close attention to market dynamics and make decisions based on personal risk tolerance and investment strategy.
