Technical analysis by MiguelFTCurado about Symbol BTC: Sell recommendation (5/4/2025)

📉 Potential Dip to $70,000 in 2026Some analysts suggest that Bitcoin could experience a correction to around $70,000 in 2026. This potential downturn may be influenced by:Market Cycles: Bitcoin's price has historically followed cyclical patterns, with periods of rapid growth followed by corrections.Regulatory Changes: Shifts in global regulatory stances toward cryptocurrencies could impact investor sentiment and market dynamics.Macroeconomic Factors: Economic events, such as changes in interest rates or geopolitical tensions, could influence risk appetite among investors.It's important to note that while a dip to $70,000 is within the realm of possibility, other forecasts for 2026 are more optimistic. For instance, CoinCodex projects Bitcoin trading between $94,836 and $160,074 in 2026, with an average price of $119,743 .🚀 Surge to Over $130,000 in 2027Looking ahead to 2027, several factors could contribute to a significant increase in Bitcoin's price:Institutional Adoption: Growing interest from institutional investors could drive demand.Technological Advancements: Improvements in blockchain technology and scalability solutions may enhance Bitcoin's utility.Global Economic Conditions: In times of economic uncertainty, Bitcoin is often viewed as a hedge against inflation.Analysts have provided various projections for 2027:Binance forecasts a price range between $140,491 and $216,738, with an average of $170,100 .Bittime estimates an average price of $138,000, with potential highs up to $150,000Not into doom-and-gloom takes. Right now, I feel a lot safer sticking with Ethereum and a few solid altcoins. 💪🔒 #Crypto #Ethereum #Altcoins