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BTC Analysts close short trades as Bitcoin drops to US$80,300
With the recent sharp fluctuations in Bitcoin (BTC) prices, emotions in the crypto community are mixed. In the past 24 hours, BTC prices have dropped to the $80,000 range. For an analyst with an expected trend low of $79,000, the correction is over. Specifically, the analyst sold its short position in Bitcoin when it fell to around $80,300.
Currently, all parties in the market are debating the subsequent trend of BTC: Will prices rebound or fall further? BTC may fall to the $70,000 range, or it may hit the $90,000 mark strongly.
Profit-taking after well-known analysts accurately predicted
According to CoinMarketCap data, the current trading price of BTC is approximately US$82,485, a drop of approximately 4% in the past seven days. More critically, BTC hit as low as $80,300 in the past 24 hours, prompting a reputable senior analyst to close a short position he had established between $86,000 and $87,000.
This well-known cryptocurrency analyst known as "Doctor Profit" has attracted much attention for making accurate market forecasts many times. He was pleased with his previous predictions that had been perfectly fulfilled. Looking back at his operation trajectory:
- Bull-market turning prediction: As early as August this year, he accurately predicted the moment when the market would turn from a bear market to a bull market, and accordingly raised the BTC price target from US$60,000 to US$70,000.
- High breakthrough forecast: Later, he predicted that the BTC price would hit US$88,000, and the actual market did run around US$87,000.
- The correction target was achieved: Finally, he predicted a short-term correction in the market, pulling the BTC price back into the US$79,000 range. He believes that with the recent price drop to $80,300, this correction has been basically completed.
Given that the forecast came true perfectly, the analyst chose to sell his short position to lock in profits.
Reasons behind the plunge and future trend outlook
In response to the phenomenon that the crypto market has lost about US$200 billion in market value in the past 48 hours, another analyst proposed four major factors that may cause BTC to suddenly fall to the US$80,000 level:
- The geopolitical risks of the Trump administration's possible resumption of military operations against Iran;
- Recent research warns that artificial intelligence may crack cryptography before quantum technology, raising security concerns;
- The market impact of the United States diverting billions of dollars in BTC reserves;
- The minutes of the Federal Reserve meeting sent hawkish signals that another interest rate hike may be raised in 2026.
Although Doctor Profit may continue to increase its long positions, other analysts believe there is still room for downside in BTC before ushering in a larger rebound and hitting $90,000. Some people pointed out that the market is currently testing the range of US$80,000 to US$82,000, and if the support fails, BTC may further drop to the target level of US$72,000 to US$76,000.
究竟哪种预测将成为现实？市场仍在等待进一步的验证。
