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 <p class="paragraph">Bitcoin (BTC) has corrected below the $65,000 support, coinciding with a weakened market risk appetite.&nbsp;</p>
 <p class="paragraph">Notably, <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> players have maintained that post-halving, Bitcoin needs to sustain its price above $65,000 for any real chance to establish a new all-time high. However, crypto trading expert <em>Alan Santana</em> has projected that BTC is primed for further <a rel="noopener noreferrer nofollow" title="correction" href="https://thebittimes.com/tag/correction.html">correction</a> as the <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> becomes frustrated with sustained consolidation.</p>
 <p class="paragraph">In a <em>TradingView </em>post on April 25, the expert noted that with <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> sentiment having shifted to frustration, the next major support level to watch is $51,000 to $53,000.</p>
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 <p class="paragraph">Despite fleeting flirtations with the $57,000 level, the analyst suggested that this price point holds little relevance and is unlikely to be sustained. Instead, he foresees a swift and decisive downward movement fueled by Bitcoin’s prolonged consolidation phase spanning over a month.&nbsp;</p>
 <figure class="wp-block-image aligncenter size-large"><img decoding="async" width="1024" height="558" src="https://cdn.thebittimes.com/images/2024/04/25/36e969b3e87b3f71d19961608bde7b1b.webp" alt class="wp-image-171614" srcset="https://cdn.thebittimes.com/images/2024/04/25/36e969b3e87b3f71d19961608bde7b1b.webp 1024w, https://cdn.thebittimes.com/images/2024/04/25/36e969b3e87b3f71d19961608bde7b1b.webp 300w, https://cdn.thebittimes.com/images/2024/04/25/36e969b3e87b3f71d19961608bde7b1b.webp 768w, https://cdn.thebittimes.com/images/2024/04/25/36e969b3e87b3f71d19961608bde7b1b.webp 1098w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>Bitcoin price analysis chart. Source: TradingView/Alan Santana</em>
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="h-bitcoin-price-levels-to-watch-nbsp">Bitcoin price levels to watch&nbsp;</h2>
 <p class="paragraph">Therefore, the <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> expert projected that Bitcoin might drop as low as $40,000, representing a <a rel="noopener noreferrer nofollow" title="correction" href="https://thebittimes.com/tag/correction.html">correction</a> of about 37% from the current valuation.</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“There is no longer need to wait, we are done with it, the market is ready and the market is fed up. The market is saying, “let’s move forward!” Straight forward let’s move and it is ok if we go down short-term because long-term we are going up. So, let it drop just a little bit but fast and strong. 40K consider this number but it can end up much lower once the entire move is over and done,” the expert said.&nbsp;</p>
 </blockquote>
 <p class="paragraph">At the same time, Santana advocated embracing short-term dips and remaining confident in Bitcoin’s long-term trajectory. Amidst predictions of Bitcoin reaching $250,000 by 2025, the analyst encouraged newcomers to seize the opportunity presented by potential price drops.</p>
 <h2 class="wp-block-heading" id="h-further-bitcoin-sell-off-in-the-horizon">Further Bitcoin sell-off in the horizon</h2>
 <p class="paragraph">The possibility of further drop is highlighted by a previous Finbold report, noting that crypto trading expert<em> Ali Martinez</em> projected that Bitcoin faces sell signals, including the TD Sequential and a death cross chart pattern. With this pressure, the analyst projects Bitcoin is likely to drop below the $60,000 level.</p>
 <figure class="wp-block-image aligncenter size-large"><img decoding="async" width="1024" height="696" src="https://cdn.thebittimes.com/images/2024/04/25/086b8ba166849b365a6f572af54eccad.webp" alt class="wp-image-171615" srcset="https://cdn.thebittimes.com/images/2024/04/25/086b8ba166849b365a6f572af54eccad.webp 1024w, https://cdn.thebittimes.com/images/2024/04/25/086b8ba166849b365a6f572af54eccad.webp 300w, https://cdn.thebittimes.com/images/2024/04/25/086b8ba166849b365a6f572af54eccad.webp 768w, https://cdn.thebittimes.com/images/2024/04/25/086b8ba166849b365a6f572af54eccad.webp 1536w, https://cdn.thebittimes.com/images/2024/04/25/086b8ba166849b365a6f572af54eccad.webp 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>Death cross and TD Sequential sell signal on BTC 12-hour price chart. Source: @ali_charts</em>
  </figcaption>
 </figure>
 <p class="paragraph">Meanwhile, Bitcoin price correction is widely viewed as a post-halving retracement that mirrors historical performances. Despite the market sentiment, the consensus remains bullish on Bitcoin’s long-term prospects. For instance, Standard Chartered Bank projected that Bitcoin will likely rally to $150,000 following the halving.</p>
 <h2 class="wp-block-heading" id="h-bitcoin-price-analysis">Bitcoin Price Analysis</h2>
 <p class="paragraph">With Bitcoin dropping below $64,000, the market is on edge regarding the subsequent trajectory, as it will be key in helping the digital asset break out from the extended consolidation phase. Meanwhile, by press time, BTC traded at $63,970, with daily losses of almost 4%. On the weekly timeframe, the leading cryptocurrency is up over 2%.</p>
 <figure class="wp-block-image aligncenter size-full"><img loading="lazy" decoding="async" width="675" height="550" src="https://cdn.thebittimes.com/images/2024/04/25/af6b76dc83650e4f3791aa83b3db09b1.webp" alt class="wp-image-171616" srcset="https://cdn.thebittimes.com/images/2024/04/25/af6b76dc83650e4f3791aa83b3db09b1.webp 675w, https://cdn.thebittimes.com/images/2024/04/25/af6b76dc83650e4f3791aa83b3db09b1.webp 300w" sizes="(max-width: 675px) 100vw, 675px">
  <figcaption class="wp-element-caption"><em>Bitcoin seven-day price chart. Source: Finbold</em>
  </figcaption>
 </figure>
 <p class="paragraph">Overall, attention is on Bitcoin bulls who are battling bears to sustain the leading cryptocurrency’s value above $60,000.</p>
 <p class="paragraph"><strong><em>Disclaimer</em></strong><em>: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-prediction-crypto-market-gets-fed-up-as-btc-faces-37-correction-tbt86546.html">https://thebittimes.com/bitcoin-prediction-crypto-market-gets-fed-up-as-btc-faces-37-correction-tbt86546.html</a></p>

Bitcoin prediction: Crypto market gets fed up as BTC faces 37% correction

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