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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-analysts-warn-of-potential-31500-price-drop" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Analysts Warn of Potential $31,500 Price Drop</a><br></p>
<p style="text-align: justify">Bitcoin (BTC) recently reverted to its initial levels after testing the $65,000 mark. Last month, the cryptocurrency hovered around the $50,000 range but failed to sustain its position above $65,000, leading to the formation of lower peaks. This trend could potentially lead to discouraging outcomes for <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a>.</p>
<h2 id="why-could-bitcoin-fall-to-31-500">Why Could Bitcoin Fall to $31,500?</h2>
<p style="text-align: justify">Prominent <a href="https://en.bitcoinhaber.net/bitcoin-faces-possible-drop-below-10000" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto analyst</a> Ali_Charts shared a chart suggesting BTC might experience deeper lows. Despite September’s usual decline, the projected dip could spell disaster for altcoins. Why the focus on $31,500? The explanation stems from historical patterns, where Bitcoin’s price, upon falling below the Realized Price/Liveliness Ratio, tends to retreat to its Realized Price. The critical level to maintain is $51,600, and closures below this could open the door for a drop to $31,500.</p>
<p style="text-align: justify">Such conditions could result in altcoin losses exceeding 80%. This scenario, combined with weakened buyer liquidity and potential sell-offs triggered in the ETF channel, could lead to severe outcomes.</p>
<h2 id="eth-and-luna-coin-insights">ETH and LUNA Coin Insights</h2>
<p style="text-align: justify">Ethereum (ETH) prices have garnered attention from Daan Crypto Trades, who predicts strong volatility for the leading altcoin. The analyst warns that closures below $2,103 are highly risky, although the price earlier surged to $2,800 from this region, making it a crucial chart to monitor.</p>
<p style="text-align: justify">Concerning LUNA Coin, there is significant support at $0.31. Closures below this level may target a new all-time low (ATL). Currently, there have been no persistent closures below this key region, and bulls are preventing a drop below $0.25.</p>
<h2 id="conclusions-from-analyst-predictions">Conclusions from Analyst Predictions</h2>
<p style="text-align: justify">Based on the analysts’ evaluations, some clear conclusions can be drawn:</p>
<ul style="text-align: justify">
 <li>Bitcoin’s price could fall to $31,500 if it closes below $51,600.</li>
 <li>Ethereum faces strong volatility, with a critical support level at $2,103.</li>
 <li>LUNA Coin has significant support at $0.31, with risks of further declines if breached.</li>
 <li>Market conditions and potential BTC drops could exacerbate losses for altcoins.</li>
</ul>
<p style="text-align: justify">Given the current market dynamics and the risk of a significant drop in September, many LUNA Coin investors have already exited. However, a sharp decline in BTC may increase losses further, causing even those trying to buy the dip to abandon LUNA Coin.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/bitcoin-analysts-warn-of-potential-31500-price-drop" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Analysts Warn of Potential $31,500 Price Drop</a></h5>

Bitcoin Analysts Warn of Potential $31,500 Price Drop

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